Power Shares US Dollar Index Bullish (UUP)

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Related News for UUP Mixed News on Jobs, Trade Deficit


Aug 11, 2011 (MarketNewsVideo.com via COMTEX) -- There is mixed news for the
economy today.

Initial jobless claims fell by 7,000, to a seasonally adjusted 395,000, in the
week ending August 6.

The reading is the lowest of first-time filings for unemployment benefits in
several months, and was better news for the jobs market than economists had
expected.

But, Commerce Department data today said the U.S. trade deficit grew by more
than expected in June.

A decline in exports let to a 4.4% increase in the trade deficit from May to
June, to $53.1 billion.

Economists had expected the trade deficit to narrow.

In reaction to the news and amid continued global economic concerns gold is
trading xxx Thursday.

The SPDR Gold Shares (GLD) is trading down 2%, while the iShares Gold Trust also
(IAU) trades down about 2%.

The U.S. Dollar Bullish Fund (UUP) is trading up slightly, while the Euro Trust
(FXE) trades up .1%. The WisdomTree Dreyfus Japanese Yen Fund (JYF) is trading
down about 1.6%, while the WisdomTree Dreyfus Chinese Yuan Fund (CYB) trades up
6%.

The SPDR S&P 500 (SPY) is trading up 1%.

The preceding is a transcript of the MarketNewsVideo.com video published at:
http://www.marketnewsvideo.com/?id=201108EconETF081111&mv=1.


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