An exchange traded fund (ETF) following the dollar’s movements fell nearly 1% on Friday to a fresh 52-week low as investors braced for a U.S. government shutdown over the budget gridlock.
PowerShares DB US Dollar Bullish Fund (NYSEArca: UUP) closed the session down 0.8%, one day after the European Central Bank boosted a key interest rate as expected.
PowerShares DB US Dollar Bullish Fund was down 7.2% for the three months ended April 7, according to Morningstar, as commodities prices have rallied.
PowerShares DB US Dollar Bullish Fund
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