As investors have grown uneasy over the prospects for global growth and the odds of a double dip recession have seemingly shortened, many safe haven investments have seen sudden uptick in interest. Investors have been snapping up Treasuries and other investment grade bonds as risk appetite has waned, looking to protect themselves against future volatility [see Five Safe Haven ETFs]. This increased demand has also boosted the U.S. dollar since all T-Bonds are denominated in greenbacks, leaving investors to buy dollars if they want to buy the traditional safe-haven. The PowerShares DB USD Index Bullish (UUP), which measures the performance of the dollar against a basket of developed market currencies, gained nearly 2% in Wednesday afternoon trading and is up nearly 4% on the year. The dollar’s gains against the embattled euro have been well documented, and the advances against Britain’s currency have been nearly as significant [also read Forget About [...] Click here to read the original article on ETFdb.com. Related Stories: Top Performing Currency ETFs From The First Half Of The Year WisdomTree To Hedge Yen Exposure In Japan Total Dividend Fund (DXJ) Three Reasons Why Japanese Yen ETFs Are Headed For A Crash