Ahead of Central Bank Meetings, Dollar ETF Draws Upside Bets

The actively managedWisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEArca: USDU) is up 3.7% this year. USDU allocates about its half its weight to short positions in the euro and yen, placing the ETF firmly in position from some of the loosest monetary policies in the developed world.

USDU, which has almost $313 million in assets under management, also pairs the U.S. dollar against its Australian and Canadian rivals along with the Chinese yuan. Central banks in all three of those countries have lowered interest rates this year.

PowerShares DB US Dollar Index Bullish Fund

ETF Trends editorial team contributed to this post.