What is a US dollar bullish fund (usdu)?

The Wisdom Tree Bloomberg U.S. Dollar Bullish Fund (USDU) is an actively-managed ETF that goes long the U.S. dollar against a basket of developed and emerging market currencies. Invesco DB also offers its U.S. Dollar Index Bearish Fund (UDN), which shorts the dollar, gaining in value when the dollar weakens.

What does USD stand for?

The USD is the currency abbreviation for the U.S. dollar ($), the official currency of the United States of America and the world's primary reserve currency over the past several decades. It is managed by the Federal Reserve, America's central bank.

What currencies are included in the USDX?

The six currencies included in the USDX are often referred to as America's most significant trading partners, but the index has only been updated once: in 1999 when the euro replaced the German mark, French franc, Italian lira, Dutch guilder, and Belgian franc. 1 Consequently, the index does not accurately reflect present-day U.S. trade.