BusinessWeek put up an excellent article giving an overview of some of the most popular currency ETFs yesterday: “Smarter Ways To Make Currency Plays”.
It covers the popular CurrencyShares Japanese Yen Trust (FXY), CurrencyShares Euro Trust (FXE) and the PowerShares DB G10 Currency Harvest ETF (DBV).
Dow Jones and CNBC yesterday were reporting that in a speech in Toronto Warren Buffett said that if the current deficit didn’t improve, the dollar would would be “worthless” in 5-10 years. In a hilarious episode on Squawk Box this morning,…
The $/Euro seems to have formed a triple to top around $1.50 with the most recent peak occuring in just the last few days ($/Euro 6 Month Chart). Today, the European Central Bank (ECB) decided to hold rates steady but…
“The Fed is triaging the whole economic problem that we have, and right now it seems like economic growth is a priority.” – Carl Forcheski (subscription required), VP Foreign Exchange, Societe Generale Yesterday, Fed Vice Chairman Donald Kohn suggested further…
Gold briefly touched $1000 an ounce this morning – an all time high (Gold 5 Year Chart). The Yen/$ briefly dipped below 100 this morning – just below very long term support at lows from early 2005 and late 1999…
Dollar strength will not be a straight line….. nevertheless, dollar lows are almost certainly behind us. – “Calling A Bottom In The Dollar”, Goldman Sachs … the euro ‘rubber band’ is stretched as far as it’s ever been stretched. That…
The dollar continues to tank and commodities continue to rally in the wake of yesteday’s Fed announcement: The euro is up another 2 cents versus the dollar to $1.37 – after rallying 4 cents yesterday after the Fed announcement. Oil…