Betting On The Greenback: Dollar Trajectory Remains Strong, These ETFs Could Win Big
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 07 2025
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Source: Benzinga
U.S. Dollar Strength and ETFs: The U.S. dollar remains strong despite a slight dip in the Invesco DB US Dollar Index Bullish Fund, with several ETFs like WisdomTree Bloomberg U.S. Dollar Bullish Fund and iShares Russell 2000 ETF potentially benefiting from this trend due to their exposure to domestic markets and currency hedging strategies.
Market Influences and Economic Outlook: Trade tensions from new tariffs announced by President Trump are driving demand for safe-haven assets like the dollar, while the Federal Reserve's steady interest rates and low unemployment rate support expectations of continued dollar strength into Q1 2025, despite potential short-term pullbacks.
Analyst Views on UUP
Wall Street analysts forecast UUP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UUP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.150
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Current: 27.150
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
