Tuesday, October 21, 2008

Use these ETF's to go long the dollar and short currencies

If you want to get on board this monstrous dollar rally, but are leery of opening a Forex account or just feel that you are not sophisticated enough, then try these two ETFs that are designed to profit from a rising dollar and falling euro.

PowerShares DB US Dollar Index Bullish (UUP)
Market Vectors Double Short Euro ETN (DRR)

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