George, the leader of the Kansas City Fed, could provide a boost to UUP because she has regularly opposed the Fed’s aggressive easing measures on the basis of increased inflation risks. On the other hand, markets may have already priced in George’s anti-easing rhetoric because she has voted against easing at all three Federal Open Market Committee meetings in 2013.
Fisher said in a CNBC interview last month that QE has run its course and that he would like to see the central bank start pulling back on its purchases of mortgage-backed securities.
Eric Rosengren, the president of the Boston Fed Bank, speaks Wednesday. Rosengren has been a supporter of the Fed’s $85 billion-a-month bond-buying program, but has recently hinted a gradual reduction in those purchases could be worth considering if the economy continues to improve.
At the end of May, however, Rosengren did say it would be “premature” to halt QE with U.S. unemployment still high and core inflation low, reported Gregg Robb for MarketWatch.
Even if none of the aforementioned Fed members provide dollar-boosting comments, UUP could still offer some upside in the weak ahead if important Eurozone data points disappoint and recent weakness in the British Pound and Australian dollar persists.
PowerShares DB Dollar Bullish
ETF Trends editorial team contributed to this piece.