For instance, the WisdomTree Emerging Currency Strategy Fund (NYSEArca: CEW), which tracks a group of 15 emerging market currencies against the U.S. dollar, was 0.4% lower Thursday. CEW has decreased 4.3% over the past three months and is down 1.5% year-to-date.
“The dollar bull environment is generally a difficult environment for EM currencies as volatility increases, rate and growth differentials tighten,” Andreas Konig, head of foreign exchange for Europe at Pioneer Investments, said in the article.
WisdomTree Bloomberg U.S. Dollar Bullish Fund
For more information on the green back, visit our U.S. dollar category.