Friday, March 4, 2011

U.S. Dollar is dropping hard again; ETFs for currencies rock higher

This is the USDX index for the last 7 years:


In recent months the U.S. dollar has been dropping hard again, touching  a cycle low of 76.50 earlier today.

 This is clearly vsiible above, or in the 6 month chart below:


There are many currency ETFs to use to go short or long the USD or the foreign currencies. We track them all live here. Currency ETFs have done extremely well indeed, it is a sea of green, except for the other poor currency, the Euro:

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