Cubetrader.com pointed out that the 5-day slide in the dollar puts it at a new 1-month lows and close to
longer term lows. Rydex’s Euro Currency ETF (FXE) is something to consider if you feel the decline in the dollar will continue. (Full Disclosure: I’m on the Rydex Investments board of directors.)
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.