New Currency ETNs Offer Leverage on Dollar Trades | Page 2 of 2 | ETF Trends

The tracking index reflects the value of the dollar against six currencies, including the euro and yen. The new leveraged dollar ETNs rebalance on a monthly basis, rather than daily, said Amanda Williams, a spokeswoman for Deutsche Bank.

The dollar has bounced recently while stocks and commodities have corrected after a strong run. PowerShares DB US Dollar Bullish Fund is up 2.6% over the past month, according to Morningstar.

PowerShares DB US Dollar Bullish Fund