So far, a higher dollar hasn’t hurt U.S. stocks as the Dow flirts with its record high from 2007. [ETF Chart of the Day: Dow Jones Industrial Average]
However, a rising greenback has dented commodity ETFs including iPath Copper ETN (NYSEArca: JJC), SPDR Gold Shares (NYSEArca: GLD) and U.S. Oil Fund (NYSEArca: USO). [Copper ETF Decline Negative for Global Economy?]
PowerShares DB US Dollar Index Bullish
Full disclosure: Tom Lydon’s clients own GLD.