Ever considering the fact that the begin of 2017, the greenback has been in an practically steady decline.
Correctly, the PowerShares DB U.S. Buck Bullish ETF (NYSE: UUP) has dropped over 12% from its 2017 highs, despite a 2% gain.
UUP is an trade-traded fund that measures the dollar against six other currencies. When the dollar strengthens relative to the others, the cost of UUP goes up. Ganesha good morning Images
Normally, the buck is visible as a nontoxic haven, somewhere for traders to position their money in times of market uncertainty. And considering the fact that now we have visible a market that went straight up over a 15-month interval, there was much less demand for safeguard assets just like the buck.