Fed Action Helps Strengthen U.S. Dollar ETF

January 9th at 10:48am by Tom Lydon

I do the “ETF of the Week” for MarketWatch every Thursday on Chuck Jaffe’s MoneyLife Show where I highlight big movers and disappointments within the exchange traded fund market.

On Thursday, I focused on the PowerShares DB US Dollar Index Bullish Fund (NYSEArca: UUP). Investors can use a U.S. dollar ETF to help capture the strength in the greenback and hedge currency risk with foreign asset exposure as the Fed begins to taper its accommodative measures.

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The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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