Tuesday, 19 April 2011

Time to Short the U.S. Dollar?

Daryl Jones, FortuneBy Daryl Jones, HedgeyeFORTUNE -- Call us lucky or smart, but we've had a pretty good run trading the U.S. dollar in the Hedgeye virtual portfolio. Prior to our initiation of another short position in the UUP early yesterday (the ETF for the U.S. dollar index), we were 19 for 19 in trading the dollar.Why short it now? The first, and likely most important factor when contemplating the dollar is simply the calendar. Over the course of the next two months, we have a series of catalysts that are all set up to be negative for the U.S. dollar.These calendar events provide ample opportunity for...

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