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Thoughts on the Buck’s Bull Market

The greenback is on the march higher.

Last Friday, the U.S. Dollar Index (which tracks the greenback against a basket of major trading partners’ currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc) leapt to a four-year high.

The Dollar Index has spiked over 7% in just the third quarter alone. Just look at how the closely related PowerShares DB US Dollar Bullish ETF (UUP) — an exchange-traded fund that tracks the Deutsche Bank Long US Dollar Futures index — has performed over the past three months.

The dollar’s move has been particularly strong against the euro, as well as against the yen. The greenback now is at a six-year high vs. Japan’s once-mighty currency.

Read more about the recent success of the U.S. dollar at Eagle Daily Investor.

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archive

Thoughts on the Buck??s Bull Market

Last Friday, the U.S. Dollar Index (which tracks the greenback against a basket of major trading partners?? currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc) leapt to a four-year high.

The greenback is on the march higher.

Last Friday, the U.S. Dollar Index (which tracks the greenback against a basket of major trading partners?? currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc) leapt to a four-year high.

The Dollar Index has spiked over 7% in just the third quarter alone. Just look at how the closely related PowerShares DB US Dollar Bullish ETF (UUP) — an exchange-traded fund that tracks the Deutsche Bank Long US Dollar Futures index — has performed over the past three months.

UUP_100714

The dollar??s move has been particularly strong against the euro, as well as against the yen. The greenback now is at a six-year high vs. Japan??s once-mighty currency.

Read more about the recent success of the U.S. dollar at Eagle Daily Investor.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Nicolas A. Vardy is the London-based International Economics Correspondent for Human Events.

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