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Investment expert Jim Woods shares the details on this fund that's long in the U.S. Dollar.

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Highlighting a Fund for Those Bullish on the Dollar

Investment expert Jim Woods shares the details on this fund that’s long in the U.S. Dollar.

The PowerShares DB US Dollar Index Bullish ETF (UUP) marks the start of a series of currency funds that we will cover in our next several ETF Talks. UUP tracks an index of USDX futures contracts that rises in value as the U.S. dollar appreciates.

Currency trading can be highly volatile and is not suitable for all investors. However, currencies also donâ??t really follow the market ups and downs, and are instead driven by their own factors, such as interest rates and political instability on a global-macro scale.

Trading directly in foreign currencies also requires a foreign exchange (forex) account and a lot of dedicated work. This is where currency exchange-traded funds (ETFs) like UUP come into play by giving investors a hassle-free way to invest in currencies.

Click here to read the rest of the article, “Highlighting a Fund for Those Bullish on the Dollar.

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Written By

Jim Woods is a freelance financial journalist specializing in the markets and the economy. He champions the cause of liberty from a secured location deep inside the Golden State.

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archive

Highlighting a Fund for Those Bullish on the Dollar

The PowerShares DB US Dollar Index Bullish ETF (UUP) marks the start of a series of currency funds that we will cover in our next several ETF Talks. UUP tracks an index of USDX futures contracts that rises in value as the U.S. dollar appreciates.

Currency trading can be highly volatile and is not suitable for all investors. However, currencies also don’t really follow the market ups and downs, and are instead driven by their own factors, such as interest rates and political instability on a global-macro scale.

Trading directly in foreign currencies also requires a foreign exchange (forex) account and a lot of dedicated work. This is where currency exchange-traded funds (ETFs) like UUP come into play by giving investors a hassle-free way to invest in currencies.

Click here to read the rest of the article, “Highlighting a Fund for Those Bullish on the Dollar.

Newsletter Signup.

Sign up to the Human Events newsletter

TRENDING NOW:

Today a Milkshake, Tomorrow A Brick: Corporate-Backed Political Violence Is Here.

CULTURE

Buzzfeed Bashes 14-Yr-Old Trump Fan, Celebrates Kids in Drag.

TECH

The Lived Experience of Candace Owens.

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Al Jazeera: ‘Jews Exploit Holocaust’.

FOREIGN AFFAIRS

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Newsletter Signup.

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