The US Dollar is Weak…Everywhere but The Streets Of New York

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  • on July 20th, 2007

You would think I was peddling Greek ‘Drachma’s’ on the streets of New York last week. My Canadian $20 bill was poison as I tried to survive for a few hours.

I have been predicting a move well past par since I started this blog and we are getting very close to par these days. The US dollar is weak and the current administration seem fine with it. For now, global stocks markets are cool with it as well.

I have played the trade with gold and oil stocks and keeping money in Canada. Readers have suggested FXC, an ETF that mimics the currencies. All have been profitable. All should continue their trend.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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