August 6, 2022

U.S. Dollar ETFs Gain on Bets of a Shifting Fed Outlook

U.S. dollar-related exchange traded funds strengthened Friday after the unusually strong July jobs report raised bets that the Federal Reserve will add more interest rate hikes ahead. On Friday, the Invesco DB US Dollar Bullish (UUP) was up 0.9% and the WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) increased 0.6%. UUP tracks the price movement […] Read more at ETFtrends.com.

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