Fed funds futures indicate that a dearth of a traders expect the Federal Reserve to raise interest rates this month. Same goes for December and the reality is, traders are not exactly tripping over themselves to make bets the central bank boosts borrowing costs early next year, either.
On the other hand, recent price action in the PowerShares DB U.S. Dollar Index Bullish Fund (NYSEArca: UUP), the U.S. dollar index tracking exchange traded fund, has heartened dollar bulls. Since September 17, the day the Fed decline to raise interest rates, UUP has climbed 1.1 percent. The WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEArca: USDU), an actively managed rival to UUP, is higher by nearly 1 percent over the same period.
Investors looking to play the dollar's resumed ascent via equities have an interesting option in the newly minted WisdomTree Strong Dollar U.S. Equity Fund (NYSE: ...
/www.benzinga.com/trading-ideas/long-ideas/15/10/5885773/this-etf-is-begging-yellen-to-raise-interest-rates alt=This ETF Is Begging Yellen To Raise Interest Rates>Full story available on Benzinga.com
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