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US Dollar at All-time Lows

Wednesday, 27 Feb 2008 | 12:42 PM ET

The US Dollar continues to lose ground against major currencies with the Dollar index at multi-year lows, and the Euro hitting new highs against the dollar. Are there ways to profit from the weak dollar? CurrencyShares ETFs might provide a few options.
The Euro is currently trading at over $1.51 per euro, at all-time highs.


The US Dollar Index which measures the performance of the dollar against a basket of six currencies, the euro, yen, British pound, Canadian dollar, Swiss franc and the Swedish Krona, is trading at multiple year lows.

The US Dollar continues to lose ground against major currencies with the Dollar index at multi-year lows, and the Euro hitting new highs against the dollar. Are there ways to profit from the weak dollar? CurrencyShares ETFs might provide a few options.
The Euro is currently trading at over $1.51 per euro, at all-time highs.


Many of the CurrencyShares ETFs www.currencyshares.com are benefiting from a weak dollar. This family of ETFs are designed to track the price of the currency net of Trust expenses, which are expected to be paid from the interest earned on the deposited currency.

-CurrencyShares has ETFs that track the Australian Dollar, the British Pound, the Canadian Dollar, the Euro, the Japanese yen, the Mexican Peso, the Swedish Krona and the Swiss Franc.

-It is no surprise that the CurrencyShares Japanese Yen (FXY) up almost 5% YTD, the CurrencyShares Euro (FXE) up almost 4% YTD, and CurrencyShares Swiss Franc (FXF)up almost 7% YTD, have been performing strongly this year due to the weak dollar, but the CurrencyShares Australian Dollar (FXA) is up the most year-to-date, with gains of almost 8%.
*In fact, the Australian Dollar is at 24-year highs against the dollar and the New Zealand dollar is at its highest level against the greenback since January of 1982.

The US Dollar continues to lose ground against major currencies with the Dollar index at multi-year lows, and the Euro hitting new highs against the dollar. Are there ways to profit from the weak dollar? CurrencyShares ETFs might provide a few options.
The Euro is currently trading at over $1.51 per euro, at all-time highs.


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