Australian, Canadian Dollar ETFs Near Parity

By (Tom Lydon),

Shutterstock photo

The U.S. dollar exchange traded fund ( ETF ) is sinking like a lead balloon. As investors seek higher-yielding currencies , it's bringing the Australian and Canadian dollars near parity with the greenback.

The UUP)close to an all-time low.

Dollar ETF

What's the big worry? The prospect of further quantitative easing by the Federal Reserve threatens to weaken the dollar further, putting traders in a firmly anti-dollar position.

  • CurrencyShares Canadian Dollar Trust (NYSEArca: FXC)

Canadian Dollar ETF, Currency ETFs

  • CurrencyShares Australian Dollar Trust (NYSEArca: FXA)

Australian Dollar ETF, Currency ETFs

Read the disclaimer ; Tom Lydon is a board member of Rydex|SGI.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing ETFs
Referenced Stocks: ETF

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