The Dollar Index reached a low of 73.889 on July 21, the lowest since June 9, reports the San Francisco Chronicle.
PowerShares DB US Dollar Index Bullish can give investors exposure to any upward movements in the greenback against six major currencies: the euro, British pound, Japanese yen, Canadian dollar , Swedish krona and the Swiss franc. UUP is in negative territory for the year. [Dollar ETF Could be ‘Tell’ for Commodities Stocks.]
On the flip side, the PowerShares DB US Dollar Index Bearish (NYSEArca: UDN) has gained more than 10%. The fund plays the short side of the U.S. dollar against a basket of the same currencies in UUP.
PowerShares DB US Dollar Index Bullish
Tisha Guerrero contributed to this article.
Full disclosure: Tom Lydon’s clients own GLD.