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Japanese Yen: Hedging against falling stock markets.
Vlada Kynsky (August 23rd, 2008) Writes:
Global stock markets are falling and most of them are in "bear" trend. But there is something new with commodity and currency prices. We can see sinking crude oil price and rebound for US dollar. Currency turnaround has started 1 month ago. Strengthening US dollar sent all currency ETFs to negative. name ticker monthly PowerShares DB US Dollar Index Bullish Fund (UUP) 5.8% CurrencyShares Japanese Yen Trust ETF (FXY) ...
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