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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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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.

Written By

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

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