Dollar ETF Plumbs New Low as Fed Cuts Growth Outlook
April 27, 2011 at 14:48 PM EDT
PowerShares DB US Dollar Bullish Fund (NYSEArca: UUP) fell further Wednesday after the Federal Reserve cut its forecast for U.S. economic growth this year and as Fed chief Ben Bernanke fielded questions from reporters in a press conference. The dollar ETF, which tracks the greenback’s movements...