05.05.2016 - Dollar Declines Mean Go-Go Days for Commodities ETFs
The inverse relationship between the U.S. dollar and commodities is on full display this year for exchange traded fund (ETF) investors. For example, the PowerShares DB U.S. Dollar Index Bullish Fund, which tracks the price movement of the U.S. dollar against a basket of currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc, is off nearly 6%. On the other hand, the PowerShares DB Commodity Index Tracking Fund is higher by almost the exact same amount by which UUP is down. Supporting the commodities outlook, the China, the world’s top consumer of metals, grains and energy, is seeing its economy stabilize...............................................Full Article: Source
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