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Attack of the Dollar Bulls

By Don Dion

About this article:
Dollar bulls just broke PowerShares DB U.S. Dollar Bullish . They have purchased all the available shares and creation is halted until the SEC approves the creation of another 100 million shares, which would more than triple the existing share total. This is due to a multi-month trend that accelerated into October. You'd think PowerShares DB U.S. Dollar Bearish Fund would be the top choice of ETF investors. With $379 million in assets at the end of October, having added $39 million in a month that was marked by heavy inflows into emerging markets and fixed-income ETFs best positioned for protection from higher inflation, one might conclude that ETF investors are bearish on the U.S. dollar. The headlines would reinforce that thinking, but the data may tell a different story. UUP saw $232 million of inflows last month and assets climbed to $726 million, up...

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