The dollar is soaring against commodity currencies; that s, currencies of countries that are big commodity exporters. On Tuesday, the dollar hit an eight-month high versus the Canadian dollar at 1.0851, while moving higher against Australian, New Zealand, Scandinavian and Brazilian currencies. [Currency ETFs: Everything You Need to Know.]
For more stories on the dollar, visit our currency ETF category.
- PowerShares DB U.S. Dollar Index Bullish (NYSEArca: UUP)
- CurrencyShares Euro Trust (NYSEArca: FXE)
Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.
Sumin Kim contributed to this article.