The PowerShares US Dollar Index Bullish ETF (NYSE: UUP) rallied to a new 2-month high late morning after negative news from the EU sent the Euro to the lowest level since January.
The Rydex CurrencyShares Japanese Yen ETF (NYSE: FXY) remains in the green, up 0.2%. As the "old" safe-haven Rydex CurrencyShares Swiss Franc ETF (NYSE: FXF) falls to the lowest level since February.
I will continue to watch $UUP closely as it approaches major resistance at $22.62. The last trade was $22.48 - up 0.6%.
Market expert and TV personality Matt McCall blogs about what is really moving the markets. He will emphasize Exchange-Traded Funds (ETFs) and individual stocks throughout the trading day.
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