On QE2 and currency ETFs

With regards to QE2, currencies are expected to move wildly after the announcement.

This is the current status of the currency ETFs that we track:

Note that since 2009 they are almost all green. The exception is the ultra ETFs (which always decay in the long term and lose money), and the Russian Ruble, which has lost 4.99%. That is the only currency worse than the U.S. dollar.

The best performer is not the Australian dollar (2nd), but the Brazilian Real ETF, BZF, at +43%. In 3rd, comes the New Zealand dollar.