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Top Performing Currency ETFs From The First Half Of The Year

By: ETFdb
The first half of 2010 was a very interesting period for currency ETFs, which look to remain in focus as the second half of the year gets underway and attention turns to central bank rate hikes. One of the biggest news stories from the first half of the year in the world of finance was the rapid deterioration of the euro and the crisis of confidence that this once mighty currency has suffered. Thanks to the sovereign debt issues that continue to plague Europe, many investors have turned their attention to the U.S. dollar as a relative safe-haven during this turbulent time. This has helped to send the PowerShares DB US Dollar Index Bullish (UUP), a fund that tracks the dollar’s performance against a basket of developed market currencies, up by more than 6% on the year, ensuring that the fund is the top performer so far in 2010 in [...] Click here to read the original article on ETFdb.com. Related Stories: Three Best Performing Country ETFs From The First Half Of The Year Half Year In Review: Six ETF Stories From The First Six Months of ‘09 Three Currency ETFs Matching The Dollar’s Recent Gains
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