Friday, October 22, 2010

The US Dollar Index: Tracking Live Through ETFs

I set up a new Tracking Live page for the US dollar index, USDX. It shows all currencies that make it up, and computes the weighted index. It also shows historical charts, and compares to the UUP and UDN ETFs.

UUP and UDN do not behave as you expect. They actually track futures and not the index itself. However, holding both of them shows a loss, which indicates that they are not good instruments in the long term.

You may track it live here.

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