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Diversify Out of the Dollar with Currency ETFs
You’ve seen the headlines: U.S. Dollar Plunges! U.S. Dollar Surges!
Why should you care? More to the point, why won’t the dollar just hold still?
Actually, in one sense it does hold still. Whatever happens in the currency markets doesn’t change the number of dollars in your wallet — or your bank account. But it can certainly change what your dollars are worth in comparison to other currencies.
If you live in the U.S., the day-to-day swings in the dollar are nothing to worry about. The long-term downtrend in the dollar is another matter. Since the beginning of 2002, the U.S. Dollar Index…
18Jun2009 | Money and Markets | 0 comments | Continued
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