This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

New Ways to Track Currencies

Exchange-traded fund investors got three more ways to play the currency markets earlier this month.

On Feb. 13, the CurrencyShares Japanese Yen Trust (FXY) was issued for trading. Then on Feb. 20, the PowerShares DB US Dollar Index Bullish Fund (UUP ) and the PowerShares DB US Dollar Index Bearish Fund (UDN) launched.

The CurrencyShares Japanese Yen Trust is managed by Rydex Investments, and it rounds out Rydex's portfolio of currency ETFs including the CurrencyShares Euro Trust (FXE), the CurrencyShares Australian Dollar Trust (FXA), the CurrencyShares British Pound Sterling Trust (FXB), the CurrencyShares Canadian Dollar Trust (FXC), CurrencyShares Mexican Peso Trust (FXM), the CurrencyShares Swedish Krona (FXS) and the CurrencyShares Swiss Franc (FXF). The funds measure the value of the foreign currencies in U.S. dollars.

When a foreign currency strengthens, it takes more U.S. dollars to buy one unit of that currency. So if you believe that the U.S. dollar will weaken against one these currencies, buying the ETF for that currency gives you protection from a fall in the value of the U.S. dollar. Of course, if the dollar gains in value, these ETFs are designed to fall.

If you have the notion that the U.S. dollar is going to rise in value, but are unsure as to which foreign currency to bet against, then take a look at the PowerShares DB US Dollar Index Bullish Fund (UUP) offered by Deutsche Bank and PowerShares Capital Management. This ETF holds a basket of the six currencies that make up the dollar index: euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FXY $90.93 0.00%
QQXT $39.06 0.00%
QCLN $14.90 0.00%
UUP $24.10 0.00%
UDN $22.70 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs