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US Dollar Continues to Fall Against World Currencies
By Market News Video Staff, Thursday, October 7, 2:39 PM ET
Investors that were calling for the complete collapse of the Euro in May have watched as the European currency has rise more than 15% over the last four months. What was once a sovreign debt crisis has turned into an all-out currency war between central banks. Countries are trying to devalue their currency to make their goods and services seem more attractive on the global market.
ETF investors looking to cash in this trend and are confident the Federal Reserve will be able to devalue faster should take a look at the WisdomTree Dreyfus Japanese Yen Fund (AMEX:JYF) which is up 13.5% since May. Other options include the WisdomTree Dreyfus Euro Fund (AMEX:EU) which is up 6% and the CurrencyShares Australian Dollar Trust (AMEX:FXA) which is up about 7%.
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