Author: Dollar Index

The PowerShares DB U.S. Dollar Index Bullish Fund (UUP) and the WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) are up 9.4% and 6.3%, respectively this year. Those gains come after UUP and the actively managed USDU climbed an average of 10.5% last year, enough to give some investors pause about how much more upside the Read More

* China trade data shock hits Australian dollar * Asia shares shrug off surprise fall in China exports * European share rally pauses, miners suffer * Dollar rises broadly on rate hike expectations By Nigel Stephenson LONDON, April 13 (Reuters) – A shock fall in Chinese exports hammered the Australian and New Zealand dollars on Read More

By Nigel Stephenson LONDON (Reuters) – A shock fall in Chinese exports hammered the Australian dollar on Monday, though expectations of fresh economic stimulus from Beijing helped Asian stocks higher. Chinese shares, which have been rallying on expectations of further steps to boost the economy, hit seven-year highs on Monday even after data showed exports Read More – To receive Ilya’s analysis directly via email, please SIGN UP HERE Talking Points: US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 12076, 12052, 12028 Resistance:12105, 12153, 12201 The Dow Jones FXCM US Dollar Index moved upward as expected after completing a Triangle chart formation. A daily close above the Read More

The rising U.S. dollar is redistributing growth throughout the global economy. The greenback’s ascent to the highest in a dozen years on a trade-weighted basis is eroding the competitiveness of the U.S. and countries whose exchange rates track the dollar, including China. It’s also pushing down commodity prices, hurting producers such as Brazil, and threatening Read More

Asian stocks headed for a second weekly advance as Hong Kong stocks traded near a seven-year high. Australia’s dollar increased and U.S. oil headed for its fourth straight week of gains. The MSCI Asia Pacific Index was set for a 2.7 percent gain on the week by 12:36 p.m. in Tokyo, climbing 0.1 percent as Read More

U.S. stock index futures pointed to a flat open on Friday, as the greenback built on Thursday’s gains ahead of the Apple (NASDAQ: AAPL) Watch launch. On Friday, the U.S. dollar index (Exchange: .DXY), which measures the greenback against a basket of other currencies, extended gains to hit a three-week high. It surged more than Read More

NEW YORK (TheStreet) — Trading foreign currency has swelled in popularity in recent years, but investors can take a more conservative approach to profiting from the rising U.S. dollar with exchange-traded funds. The PowerShares DB U.S. Dollar Index Bullish Fund (UUP) is a good place to start for those new to investing in foreign currency. UUP Read More

By John Geddie and Patrick Graham LONDON, April 10 (Reuters) – The euro sank back below $ 1.06 on Friday, capping a bullish few days for the dollar that have put it on course for a first weekly rise in a month and hinted at another push towards parity with the single currency. U.S. jobless Read More