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UDN

Definition:

PowerShares DB US Dollar Index Bearish. This index measures the dollar against a basket of six other currencies: the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona and the Swiss franc. Allows investors to make short bets on the direction of the dollar. See also UUP.

Nearby Terms

UCITS III UCITS IV UDN UG UGA

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Options Clearing Corporation (OCC)

Applies to derivative products. Financial institution that is the actual issuer and guarantor of all listed option contracts.

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