Brazil has just announced that it will veto France's proposal for currency controls at the G20. France basically is happy to see the Euro devalued while emerging nations currencies, about the only coutnries who can buy something these days, continue to rise.
In the meantime, the Canadian dollar continues to rise, hitting fresh highs. The ETF is FXC:
We track all currency ETFs live here. Please see the returns since 2009. +42% for the Aussie dollar ETF, +34% for the Brazilian Real ETF, +22% for the Canadian ETF
Friday, February 18, 2011
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