Buying CurrencyShares Canadian Dollar ETF as Loonie Falls Below Dollar [View article]
Interesting - I am a Canadian who is betting the other way - estimates in Canada are that the 'natural' level is CDN$1 around $0.85
The US dollar fluctuates through a 10 to 15 year cycle. Extreme collapse scenarios aside for those outside the US starting to buy into US based ETFs with a 5+ year horizon could end very well.
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Interesting - I am a Canadian who is betting the other way - estimates in Canada are that the 'natural' level is CDN$1 around $0.85
Mar 21 22:44 pm
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All Comments by Mafeking »Buying CurrencyShares Canadian Dollar ETF as Loonie Falls Below Dollar [View article]
The US dollar fluctuates through a 10 to 15 year cycle. Extreme collapse scenarios aside for those outside the US starting to buy into US based ETFs with a 5+ year horizon could end very well.