Numerous factors could play roles in the dollar’s performance this year, including commodities prices, the Federal Reserve’s plans for additional interest rate hikes and the presidential election. The dollar’s current bull market still is not five years old and knowing that dollar bull markets can last for eight or nine years means UUP could have another year or two of upside ahead of it. In fact, the dollar could rally for another two years.
The dollar’s current bull market still is not five years old and knowing that dollar bull markets can last for eight or nine years means UUP could have another year or two of upside ahead of it. In fact, the dollar could rally for another two years.
Some market observers recently noted the dollar should rise against the euro this year, but that the common currency’s losses against its U.S. rival will not be nearly as severe in 2016 as was seen last year.
PowerShares DB U.S. Dollar Index Bullish Fund
