Tuesday FX View: Euro Boosted by Investor Confidence: Dollar Rebounds [View article]
P.S.
Made 15.3% on FXA in just under 4 months. This kind of trade makes me nervous ...guess I just don't understand the thesis. The USD should, by my reconning, be falling rapidly against currencies like the Loonie and Aussie, but that just isn't happening.
Replaced the FXA with two MLPs: Energy Transfer Partners (EXP); and EV Energy Partners L P (EVEP).
Tuesday FX View: Euro Boosted by Investor Confidence: Dollar Rebounds [View article]
I'll keep my CurrencyShares Australian Dollar Trust (FXA) shares even if it's lower than current (4.0%) yield. Good protection against the falling value of USD.
Tuesday FX View: Euro Boosted by Investor Confidence: Dollar Rebounds [View article]
Made 15.3% on FXA in just under 4 months. This kind of trade makes me nervous ...guess I just don't understand the thesis. The USD should, by my reconning, be falling rapidly against currencies like the Loonie and Aussie, but that just isn't happening.
Replaced the FXA with two MLPs:
Energy Transfer Partners (EXP); and
EV Energy Partners L P (EVEP).
Dave
Tuesday FX View: Euro Boosted by Investor Confidence: Dollar Rebounds [View article]
Dave