By: ETF Trends
August 28, 2012 at 12:56 PM EDT
Currency ETFs: Dollar Support Rally Would Hurt Stocks, Commodities
PowerShares DB US Dollar Index Bullish Fund (NYSEArca: UUP) is testing a key support line and a rally in the greenback would likely put pressure on stock and commodity ETFs. Technical analysts watch the dollar ETF because it usually has an inverse correlation with riskier assets. When the dollar...
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