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Commodities-Fueled Currencies Driven to Subtraction

Any investor worried about the global economic outlook will want to steer clear of ETFs based on currencies whose performance tends to track global growth, and stick to those that are plays on tried-and-true currency safe havens.

That means staying away from most Asian currencies, as well as those from countries whose economies depend heavily on commodity exports.

Better choices are ETFs based on solid currencies like the dollar, the yen, and to a lesser extent, the Swiss franc.

Here's a trio of funds to anchor a bearish portfolio for the risk-off investor.

Symbol
Name
Price
 
Change
%Change
Volume
UUP
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FXE
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FXY
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FXB
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EUO
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YCS
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Earnings

  • An ExxonMobil sign is displayed at a gas station in Cincinnati, Ohio.

    ExxonMobil on Friday reported a 3 percent increase in quarterly profit on higher results in its refining and chemicals businesses.

  • Chevron reported its profit rose as lower oil prices boosted its refinery operations, helping to offset sagging results in its oil and gas production.

  • U.S. cleaning products maker Clorox reported better-than-expected quarterly sales and adjusted profit, helped by strong demand for household products.