"Don't know why there's no sun up in the sky, stormy weather...." — Harold Arlen
Hurricane season officially starts tomorrow, and here's how to use currencies to trade it.
Hum all you want, but hurricane season is almost here. That means watchful waiting in vulnerable areas - and higher oil prices when storms do hit areas like the Gulf of Mexico.
Andrew Busch, global currency and public policy strategist for BMO Capital, says it's possible to trade on hurricane news, going long an oil-exporting country's currency and short the U.S. dollar. He told CNBC's Melissa Leethat the dollar fell about three percent against the Canadian dollar after Hurricanes Katrina and Rita, and if you are using leverage in your trade, that can add up to a very solid return.