3 Trades To Protect Yourself Against the Falling Dollar
January 9, 2008 • Ideas
The dollar continues to fall and traders need to protect themselves. Below are three possible trades you can make to improve your wealth globally, not just in the United States.
1. Short USD/CAD
As oil has risen over the past five years, so has followed the Canadian dollar. USD/CAD has cracked below parity a few times already, and has a toehold. Why stop now?
2. Long EUR/USD
There is nothing in the way of the Euro currently. As with the rest of these trades, the United States Federal Reserve is helping out by lowering rates.
3. Short USD/CHF
The USD/CHF is in new low territory. Let your friend, the trend, make you some money.
