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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.
In the face of growing concerns over a potential government shutdown, the U.S. dollar consolidated its position as the premier financial haven for investors worldwide.
USDU offers investors exposure to a strategy designed to benefit from a bullish outlook on the US dollar. The US dollar has been underperforming against major currencies, with the DXY index down over 2% this year. Despite the dollar's recent weakness, I believe it has now reached an attractive level.
The U.S. dollar has risen to its highest level in more than five weeks, with the U.S. Dollar DXY index breaking above the 50-day moving average resistance level, indicating a revival in investors' demand for safe-haven assets while debt limit talks continue.
FAQ
- What is USDU ETF?
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- What stocks are in USDU ETF?
- What is the current assets under management for USDU?
- What is USDU average volume?
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- What is USDU inception date?