An unsatisfactory jobs report was just another punch in the gut
exchange traded fund (
), which fell to three-month lows against better-faring currencies,
including the euro and the Japanese yen.
New questions about an economic recovery are surfacing after the
discouraging report. It also gave rise to speculation about what
the Federal Reserve might do at its rate-setting meeting next week
to kick-start the recovery,
reports Bradley Davis for
The Wall Street Journal
ETFs to Hedge a Falling Dollar.
The questions and uncertainties have currency ETFs moving in all
sorts of directions:
Meanwhile, the euro pierced $1.33 to a three-month high, while
the dollar flirted with a break below 85 yen, hitting its weakest
point of the year against the
Gold, Euro and the Yen: ETFs for Changing
For more stories about currency ETFs, visit our
. These are the major ETFs targeting these currencies; if you want
to see all the options, visit our
and select "currency ETFs" from the drop-down menu:
PowerShares DB U.S. Dollar Bullish (NYSEArca:
After weeks of gains, the dollar's rally has appeared to peter
out. UUP is now 2.4% below its 200-day moving average
CurrencyShares Japanese Yen Trust (NYSEArca:
The yen is one of the strongest currencies going these days; FXY
is 5.5% above the 200-day
CurrencyShares Euro Trust (NYSEArca: FXE):
The euro is getting very close to its 200-day - it's just 0.9%
below it - so we could be getting ready to see the makings of a
potential long-term uptrend.
Read the disclaimer
; Tom Lydon is a board member of Rydex|SGI.
Tisha Guerrero contributed to this article.