First is USdollar chart which updates daily after close. Next are ETF's that are surrogates for US Dollar. they trade like Stocks. UDN for $ to go down UUP for $ to go up
a copy is also shown, after the 3 charts US Dollar Daily Chart, updated each day at Close
Dollar Goes Down
Dollar Goes Up
A dollar short ETFs let investors profit from greenback's moves vs. foreign currencies By John Spence, MarketWatch Last update: 1:24 p.m. EST Feb. 20, 2007Print E-mail RSS Disable Live Quotes BOSTON (MarketWatch) -- A pair of exchange-traded funds launched Tuesday allow investors to make money from the movement of the U.S. dollar relative to a basket of foreign currencies, with each one catering to investors who are bullish or bearish on the greenback. The new ETFs let individuals hedge or profit from the dollar's direction, but investors can suffer losses if their currency bet moves against them. The listings highlight the proliferation of ETFs designed to let investors play currency markets around the world without opening a futures account. Deutsche Bank (DB:deutsche bank ag namen akt News, chart, profile, more Last: 118.85-1.61-1.34%
4:03pm 04/23/2008
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: DB 118.85, -1.61, -1.3%) and Amvescap (AVZ:AVZ News, chart, profile, more Last:
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: AVZ, , ) unit PowerShares Capital Management LLC listed a pair of new ETFs Tuesday, PowerShares DB U.S. Dollar Bullish Fund (UUP:DB US Dollar Bullish Fund News, chart, profile, more Last: 22.40+0.15+0.67%
4:00pm 04/23/2008
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: UUP 22.40, +0.15, +0.7%) and PowerShares DB U.S. Dollar Bearish Fund (UDN:DB US Dollar Bearish Fund News, chart, profile, more Last: 29.59-0.15-0.50%
4:16pm 04/23/2008
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: UDN 29.59, -0.15, -0.5%) , on the American Stock Exchange. "Investors are getting more data on the U.S. dollar, what's driving it and the impact on their investment portfolios, but there haven't been a lot of tools to invest in the dollar's moves," said Kevin Rich, chief executive at DB Commodity Services LLC, the ETFs' managing owner, during a media call Tuesday at the Amex. The ETFs are designed to take long or short positions in the "Deutsche Bank U.S. Dollar Index Futures Index -- Excess Return," which follows the movement of the U.S. dollar against a basket of six major currencies: the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona and the Swiss franc. The "dollar bullish" ETF will make money when the dollar rises against global currencies, while the "bearish" fund will profit when the U.S. dollar falls. The ETFs could also be used as hedging tools, observers said. To trade currencies, most investors open futures accounts, but the new ETFs provide "directional exposure" to the U.S. dollar's movement by investing in futures and "rolling" the contracts to maintain exposure, Rich said. The tracking indexes for the new ETFs roll the futures contracts on a quarterly basis. Traditional mutual funds investing in foreign currencies tend to have higher fees, and ETFs trade throughout the day, Rich added. Both new ETFs have expense ratios of 0.55%, but that will be offset by the yield from the fixed-income securities they hold as collateral for the futures contracts. Aside from the movement of the futures contracts, investors are expected to earn the yield on three-month Treasury bills, roughly 5% currently. Investors also pay broker commissions to buy and sell ETF shares. Rich said DB Commodity Services now manages 11 ETFs total, tracking currencies and commodities such as oil and precious metals. Rather than investing in stocks, the ETFs are structured as commodity pools and hold futures contracts and Treasury bills. From a tax standpoint, gains on the futures contracts are taxed as 60% long-term gains and 40% short-term gains, while the yield from the Treasury bills is taxed as ordinary income. The new dollar ETFs are "interesting, because they provide an opportunity to hedge dollar exposure on the up or down side against a broad representation of currencies that provide a fair representation of the rest of the global economy," said Jim Wiandt, editor of the Journal of Indexes. The allocation of the foreign currencies in the Deutsche Bank U.S. Dollar Index is: 57.6% euro, 13.6% yen, 11.9% pound, 9.1% Canadian dollar, 4.2% krona and 3.6% franc. "These [dollar] ETFs are also earning U.S. Treasury interest, which at the moment is more appealing than the interest being earned in a lot of these other markets," Wiandt added. A basket of currency ETFs Aside from Deutsche Bank and PowerShares partnering on currency ETFs, Rydex Investments has introduced a family of eight ETFs tracking the currency of single countries such as the relatively new CurrencyShares Japanese Yen Trust (FXY:currencyshs japanese yen tr japanese yen News, chart, profile, more Last: 96.42-0.29-0.30%
3:59pm 04/23/2008
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: FXY 96.42, -0.29, -0.3%) . The new ETFs show "there is enough interest in currency trading in general with big players getting into the market," said Kathy Lien, chief strategist at DailyFX.com. "Investors have seen the volatility in the U.S. dollar the last few years and they want to take advantage of long and short plays," Lien said. She called the new ETFs a "revolution in the industry" because they make currency trading more legitimate and accessible to individual investors, who may not be comfortable with trading futures. Investors can get international exposure by investing in mutual funds and ETFs that focus on foreign companies, but pure currency ETFs take out the added risk of investing in stocks, analysts say. Since currency ETFs are unleveraged, they should be "more of investment products than trading vehicles" for longer-term investors who want to diversify a portfolio of stocks, bonds and commodities. Of the U.S. dollar currency pair launched Tuesday, she predicted the "long" version may be more popular than the "short" ETF, at least initially, with expectations the Federal Reserve may raise interest rates later this year. Steve Sachs, director of trading at Rydex, said the company's currency ETFs have attracted about $1.3 billion of assets in about 12 months of trading. He said the oldest, CurrencyShares Euro Currency Trust (FXE:currency shares euro tr euro shs News, chart, profile, more Last: 159.28-0.82-0.51%
4:00pm 04/23/2008
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: FXE 159.28, -0.82, -0.5%) , is also the largest with about $900 million in assets. Meanwhile, CurrencyShares Japanese Yen Trust, launched on Feb. 12, pulled in $200 million in its first three days of trading. "We see spurts of activity as things happen in the various countries such as shifts in the outlook for interest rates," Sachs said. Unlike the Deutsche Bank/PowerShares currency ETFs which invest in futures contracts, the Rydex funds actually hold the foreign currency in an interest-bearing deposit account. In the Rydex CurrencyShares ETFs, investors get income based on local interest rates, which is used to offset expenses. These ETFs are largely influenced by economic growth in the particular country or region, as well as interest-rate differences. Additionally, the PowerShares DB G10 Currency Harvest Fund (DBV:DB G10 Currency Harvest Fund News, chart, profile, more Last: 26.99+0.15+0.56%
3:59pm 04/23/2008
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: DBV 26.99, +0.15, +0.6%) was launched last year. This ETF is designed to take long futures positions in the three foreign currencies with the highest interest rates, and short the currencies with the three lowest yields. See previous story. John Spence is a reporter for MarketWatch in Boston.
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