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Rating:Currency ETFs are Slammed by the Spiraling Dollar Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 17, 2010

Currency ETFs are Slammed by the Spiraling Dollar

News summary by MFWire's editors

Currency exchange-traded funds pegged to the dollar and euro staged sharp reversals with investors rushing into the relative safety of the dollar on worries the global economic recovery is stalling, according to today's Wall Street Journal's Fund Track article.

The article mentioned one of the largest currency ETFs, PowerShares DB US Dollar Bullish Fund [see profile], as having experienced several "jarring swings" this year. It also cited Alec Young, international equity strategist at Standard & Poor's Equity Research, and John Stoltzfus, senior market strategist at Ticonderoga Securities.

Fundsters interested in the whipsawin' action of currency ETFs may want to check out the rest of the article. 

Edited by: Hung Tran


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