usd depreciating
- Thread starter clarodina
- Start date
i didn't see any depreciation -
http://finance.yahoo.com/echarts?s=...n;ohlcvalues=0;logscale=off;source=undefined;
but..you can use IB and convert your USD into basket of currencies. it not going to affect your BP , but you will be exposed to a currency risk. what if you hold euro and it's go down to a toilet and dollar rise?(happens as we speak)
i tried that in paper account-didn't like it at all. holding bunch of weighted pairs against for example 50% of holdings in USD.
i would not bet on USD depreciation aggressively. it's still reserved currency and boys in DC are far more creative than gvt's around the world. mean-if dollar is going down the toilet the rest of the world will follow..and there is will be many countries before US. if euro goes kaput-whole entire world will run into US dollar. not because it great solid currency,but because money have to go some place. just an opinion
http://finance.yahoo.com/echarts?s=...n;ohlcvalues=0;logscale=off;source=undefined;
but..you can use IB and convert your USD into basket of currencies. it not going to affect your BP , but you will be exposed to a currency risk. what if you hold euro and it's go down to a toilet and dollar rise?(happens as we speak)
i tried that in paper account-didn't like it at all. holding bunch of weighted pairs against for example 50% of holdings in USD.
i would not bet on USD depreciation aggressively. it's still reserved currency and boys in DC are far more creative than gvt's around the world. mean-if dollar is going down the toilet the rest of the world will follow..and there is will be many countries before US. if euro goes kaput-whole entire world will run into US dollar. not because it great solid currency,but because money have to go some place. just an opinion
Certificate of deposit will give you interest as you sit on cash -more than the depreciating dollar
