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New Ways to Track Currencies

Stock quotes in this article: FXY , UUP , UDN , QQXT , QCLN  

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 Quote) was issued for trading. Then on Feb. 20, the PowerShares DB US Dollar Index Bullish Fund (UUP Quote) and the PowerShares DB US Dollar Index Bearish Fund(UDN Quote) 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 Quote), the CurrencyShares Australian Dollar Trust(FXA Quote), the CurrencyShares British Pound Sterling Trust(FXB Quote), the CurrencyShares Canadian Dollar Trust(FXC Quote), CurrencyShares Mexican Peso Trust(FXM Quote), the CurrencyShares Swedish Krona (FXS Quote) and the CurrencyShares Swiss Franc (FXF Quote). The funds measure the value of the foreign currencies in U.S. dollars. ...

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