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    This blog consists of contributions from FXCM staff, executives and people that have a relationship with FXCM. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FXCM policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FXCM policy, please contact FXCM through the firm's official website, www.fxcm.com.

    • « Finding a trade is a two-step process. | Home | FX Trading Volume Breaks $3 Trillion »

    3 Trades To Protect Yourself Against the Falling Dollar

    By Ian McAfee | September 25, 2007

    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.


    Tags: ,

    Topics: Ideas |

    One Response to “3 Trades To Protect Yourself Against the Falling Dollar”

    1. Todd Says:
      September 26th, 2007 at 2:51 pm

      Nice trades. I personally agree with these ideas. I haven’t traded currencies yet, but might give it a shot.

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