Dollar Weakens As Cotton ETN Surges
April 06, 2011 at 09:28 AM EDT
An exchange traded note following cotton futures rallied 7% early Wednesday in the commodities sector while the dollar weakened. The $285 million iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSEArca: BAL) was up more than 7% in premarket action as gold also traded to the upside. [Oil,...