UUP

Dollar Bounce

The dollar has enjoyed a comeback as market concerns over European debt has weakened the Euro. The PowerShares DB US Dollar Bullish Fund (UUP) is up nearly 6% over the past three weeks while the Market Vectors Double Short Euro ETN (DRR) is up 15% over the same period.

euro

Going Long (or Short) on the Euro

Whether it’s debt concerns in PIIGS (Portugal, Italy, Ireland, Greece and Spain) or anemic eurozone GDP growth, recent news about the euro has been negativeā€”but maybe that’s a positive for you.

Dollar Strength Helps Investors Betting Against Euro

The dollar continues to get stronger against the Euro as concerns about inflation and slowing growth have now spread across the Atlantic. Rydex’s Currency Shares Euro Trust (FXE), an ETF that tracks the Euro, has fallen dramatically since the beginning of August.