Q:

What are the different EFT currency symbols?

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Quick Answer

Some currency exchange traded fund symbols are UUP, EUO, YCS, CYB and UDN. UUP is a passive ETF that seeks to replicate the performance of the Deutsche Bank Long US Dollar Index, which contains long USDX futures contracts. These contracts replicate the performance of the US Dollar against other currencies including Euro, Japanese Yen, Canadian Dollar, British Pound and Swiss Franc.

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Full Answer

EUO is the symbol for the ProShares UltraShort Euro ETF. This passive leveraged ETF seeks a return that is two times the inverse of the performance of the US Dollar against the Euro. YCS is the symbol for the ProShares UltraShort Yen ETF – a passive leveraged ETF that seeks a return that is two times the inverse of the performance of the US Dollar price of the Japanese Yen.

CYB is the symbol for the active Dreyfus Chinese Yuan Fund. It invests in both short- and long-term investment instruments to achieve total returns that reflect the performance of the Chinese Yuan against the US Dollar and the Chinese money market rates. UDN is the symbol for the leveraged inverse ETF that tracks the performance of the US dollar against six foreign currencies including the Euro, Japanese Yen, Canadian Dollar, British Pound and Swiss Franc.

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