UUP rose fractionally on Tuesday while in stocks, the Dow shed about 100 points.
The dollar turned higher Tuesday after Charles Plosser, president of the Philadelphia Federal Reserve, said QE3 may not be effective, MarketWatch reports.
The dollar and U.S. stocks have tended to move in opposite directions in the aftermath of the financial crisis. A falling dollar has generally been good for stocks, and vice versa.
U.S. Dollar Index
