US Dollar Is The New Carry Trade
The U.S. Dollar Index fell last week to the lowest level in a year as price swings in foreign exchange declined, encouraging investors to borrow greenbacks at record low interest rates and buy assets in countries offering yields as much as 8.1 percentage points higher than U.S.. deposit rates. Borrowing costs in dollars as measured by London interbank offered rates fell below those of yen and Swiss francs for an extended period for the first time since 1994 during the past three weeks.
Borrowing dollars and then selling them is adding pressure on a currency that's already weakened 14 percent since March...
- Bloomberg
How to profit from a weak USD Dollar (USD)...
- Buy Yen ETFs (JYF or FXY)
- Buy Silver ETFs (SLV)
- Buy Gold ETFs (GLD)
- Buy Yen ETFs (JYF or FXY)
- Buy Silver ETFs (SLV)
- Buy Gold ETFs (GLD)
Millennium Lyon Asset Management
posted by Victor Lloyd Smith @ 2:24 PM
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