Those who prefer investing with exchange traded funds (ETFs) may
have bountiful choices to pick from, as there are several areas worth
watching for the latter half of 2008. Can you believe we’re already
just about halfway through the year?
Billy Fisher for the Street sorts out the three to watch for 2008, Part Two:
1) The Federal Reserve has said it will keep interest rates stagnant
for now in an effort to keep the economy in recovery mode. But analysts
expect rising rates later in the year to help boost the value of the
U.S. dollar.
For today, the dollar finished lower after another round of weak U.S. economic data was released, report Myra P.Saefong and Nick Godt for MarketWatch.
An ETF to capitalize if the greenback turns it around? PowerShares DB US Dollar Index Bullish (UUP), which is down 3.7% year-to-date.
The dollar against the euro and the Japanese yen:
