Nyden
G.E. Money Genie
- Joined
- 23 May 2007
- Posts
- 1,368
- Reactions
- 1
Hello guys,
Was just wondering as to what the best method would be in going long on the USD? Or a better option for hedging against our falling dollar? Euro, Pound, CAD?
I don't believe we're (the AUD) headed too far down (perhaps even up!); but with all this talk of a slowing Australian economy ... I would like to lock in some currency value whilst I'm still able.
Holding the currency itself isn't really a desired option; as let's face it - terrible interest rates over there at the moment, & was wondering if there was some kind of US index ETF here on the ASX? Or a way to keep USD in an Aussie bank earning our interest rates?
I'm starting to believe that we're approaching a bottom, & am looking into opening up some small positions you see, but am against holding individual stocks at the moment; simply due to huge volatility at the moment - and am therefore only looking into funds, or somewhat stable stocks.
I'm also looking for agribusiness stocks; but I can't seem to find any sort of fund for that?
No advice for buying into gold, or any commodities though please. Having been on the anti-commodities bandwagon for quite a few months; I'm still smiling from the mass of money saved
Was just wondering as to what the best method would be in going long on the USD? Or a better option for hedging against our falling dollar? Euro, Pound, CAD?
I don't believe we're (the AUD) headed too far down (perhaps even up!); but with all this talk of a slowing Australian economy ... I would like to lock in some currency value whilst I'm still able.
Holding the currency itself isn't really a desired option; as let's face it - terrible interest rates over there at the moment, & was wondering if there was some kind of US index ETF here on the ASX? Or a way to keep USD in an Aussie bank earning our interest rates?
I'm starting to believe that we're approaching a bottom, & am looking into opening up some small positions you see, but am against holding individual stocks at the moment; simply due to huge volatility at the moment - and am therefore only looking into funds, or somewhat stable stocks.
I'm also looking for agribusiness stocks; but I can't seem to find any sort of fund for that?
No advice for buying into gold, or any commodities though please. Having been on the anti-commodities bandwagon for quite a few months; I'm still smiling from the mass of money saved