| After a strong start to the second quarter, commodities were hit by the resumption of the U.S. dollar rally over the last couple of weeks. In particular, oil and copper have returned to their declining trend, triggering off worries over inflation and chaos in the currency market.
Notably, two ETFs offering exposure to U.S. dollar (USD) against a basket of world currencies - PowerShares DB US Dollar Bullish Fund ( UUP ) and WisdomTree Bloomberg U.S. Dollar Bullish Fund ( USDU ) - gained over 4% over the past 10 days. This is especially true as a string of upbeat economic data boosted the near-term Fed rate hike bets...............................................Full Article: Source
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