Dollar hovers around a two-month high amid global turmoil. USD plays like UUP gain attention despite U.S. shutdown & Fed rate cuts.
WisdomTree Bloomberg U.S. Dollar Bullish ETF USDU is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 15.6% from its 52-week low price of $25.00/share.
By Kevin Flanagan Key Takeaways Mid-November repositioning in the Bianco Research Fixed Income Total Return Index (BTRINDX) included a shift to a neutral duration, reflecting a response to higher Treasury yields and persistent economic strength.
A Bloomberg gauge of the dollar rose to the highest level in more than a month after a stronger jobs report diminished rate cut bet hopes.