Currency Trends and ETFs: ETF Report Examines Currency Funds
Summary
http://fidelityadviser.com/ More recently, however, the dollar has experienced a dramatic reversal of fortune, as the economies of Europe and Asia weather the same economic storm that first hit the U.S. last year.Dion also applies this same basic principle to commodities: “energy analysts frequently point to the currency markets as playing a role in the record run-up in oil futures earlier this year.“If the economy stabilizes and employment picks up in the next several quarters, look for the Fed to begin raising the key federal funds rate from its current level of 2.0 percent—and for the dollar to continue gaining strength,” Dion concludes.Fidelity Independent Adviser’s ETF Report (http://fidelityadviser.com/) tackles these questions in the latest issue of their newsletter—released today—in an effort to clarify the cloudy waters of currency trading.For most investors who keep tabs on market trends, it’s no secret that the U.S. dollar has had a tumultuous year.The same products made by a European manufacturer would be twice as expensive for an American customer.Dion also applies this same basic principle to commodities: “energy analysts frequently point to the currency markets as playing a role in the record run-up in oil futures earlier this year.