Power Shares US Dollar Index Bullish (UUP)

[btrain]

A a good article about the dollar on Seeking Alpha.
posted Oct.5, 2011

The Dollar: Up, Up and Away
By Jason Jennkins

At the end of last week, the U.S. dollar gained against the euro due to the ever-present worries that EU leaders won’t get their act together soon enough to fix their debt crisis. Concern in the market in regards to the European sovereign debt has placed the euro in a precarious situation. The currency will end the third quarter with a 7.5-percent loss versus the dollar.

The U.S. Dollar Index is a measure of the value of the dollar relative to a basket of six specific foreign currencies. It’s a weighted geometric mean of the dollar’s value compared with the following currencies:

* Euro (EUR), 58.6 percent weight
* Japanese Yen ((JPY)), 12.6 percent weight
* Pound sterling (GBP), 11.9 percent weight
* Canadian dollar (CAD), 9.1 percent weight
* Swedish krona (SEK), 4.2 percent weigh
* Swiss franc (CHF), 3.6 percent weight

The index rose to 78.65, up from 77.92 in North American trade late Thursday and looks like it will end the quarter up 5.8 percent....Kathleen Brooks, Research Director at Forex.com, expects continued strength for the dollar for the foreseeable future. “It’s been one hell of a third quarter, and the excitement of recent weeks is likely to...


To read the entire article visit Seeking Alpha:
http://seekingalpha.com/article/297781-the-dollar-up-up-and-away?source=yahoo