However, there are issues for the dollar. Safe-haven demand has lifted the Japanese yen and the Swiss franc against the greenback, while rebounding commodities prices are boosting the Australian dollar, among other currencies.
Thanks in large part to rebounding commodities prices and much to the charging of the Reserve Bank of Australia (RBA), the CurrencyShares Australian Dollar Trust (NYSEArca: FXA), which tracks the Aussie against the U.S. dollar, is up nearly 3% over the past month and more than 7% year-to-date. That after FXA posted a double-digit loss last year, making it one of the worst-performing developed markets currency exchange traded funds.
[related_stories]PowerShares DB U.S. Dollar Index Bullish Fund
