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Thread: Banking on the dollar

  1. #1

    Default Banking on the dollar

    Hi,

    I've seen ways to invest in various funds that do well against a falling dollar by investing in multiple foreign currencies. Is anyone familiar with the opposite? In other words, are there any funds that invest in the USD?

    Thanks,
    Bob


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  3. #2

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    Default Re: Banking on the dollar

    Don't know of funds but here's an idea if you're looking to play the dollar.

    1. US Dollar Bullish ETF (UUD) makes money when the dollar climbs.
    2. US Dollar Bearish ETF (UDN) makes money when the dollar falls.
    Use $DXY for your dollar index.

    Good luck with your investing.

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  5. #3

    Default Re: Banking on the dollar

    Thanks - not going to jump in or anything but I am interested. Also, I think you meant UUP, not UUD.

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  7. #4

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    Default Re: Banking on the dollar

    Yes, UUP is what I meant.

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  9. #5

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    Default Re: Banking on the dollar

    Quote Originally Posted by love-to-bike View Post
    Hi,

    I've seen ways to invest in various funds that do well against a falling dollar by investing in multiple foreign currencies. Is anyone familiar with the opposite? In other words, are there any funds that invest in the USD?

    Thanks,
    Bob

    Rydex has RYSBX and Pro Funds has RDPSX
    Hope this helps
    Mike
    Yesterday is history. Tomorrow is mystery. Today is a gift, that is why it is called the present.

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  11. #6

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    Default Re: Banking on the dollar

    10 Year note is giving way to the USD advance. Might be time to start trading the dollar in an uptrend.

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  13. #7

    Join Date
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    Default Re: Banking on the dollar

    Obama asks Wen for more action on yuan

    (Reuters) - President Barack Obama urged Chinese Premier Wen Jiabao on Thursday to take rapid steps to address a dispute over the value of China's currency and made clear the United States would protect its economic interests.

    more

    Your government begging for global welfare.....we need to be very careful in how we do this.....China has a lot of our debt and can crush us by making the dollar useless.
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund

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  15. #8

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    Default Re: Banking on the dollar

    It's going to be like this with China as long as their currency remains outside of the regular market - I'd love to be able to buy some Yuan. The way China has it set up, it doesn't matter what happens with the dollar and other currencies, the Yuan just stays stuck until the Chinese themselves do something. The Chinese economy may be influenced by what happens to the U.S Dollar, but it should not be a three-legged race where the U.S. currency drags the Yuan along, and the recent Chinese purchases of Yen and earlier purchases of the Euro have not amused the Japanese nor the Europeans either (it makes Japanese and European exports more expensive).

    In short, only China can change the value of their currency. That's why they get nagged.
    "All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python

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  17. #9

    Join Date
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    Default Re: Banking on the dollar

    House set to approve bill aimed at China yuan

    (Reuters) - The House of Representatives is poised on Wednesday to pass legislation to pressure China to let its yuan currency rise more quickly, fanning the flames of a long-running dispute over trade and jobs.
    The House is expected to approve, with bipartisan support, a bill to treat China's exchange rate as a subsidy, opening the door to additional duties on Chinese goods entering the United States, some of which are already subject to special levies.

    hmmm.....duties, levies? And we STILL haven't figured this out yet?

    I can't believe that our government has failed to realize the problem within our OWN borders.
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund


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