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Dollar ETFs Up As Euro Drops

The euro is down to lowest it’s been in two decades to 1.024 euros per dollar. As the two currencies come closer together currency ETFs that may look to profit. Two dollar ETFs doing well are, the Invesco DB U.S. Dollar Index Bullish Fund (UUP) and the WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) which are both up around 10% YTD.

ETF Newz Says:

As recession fears continue dollar ETFs could continue to grow.