Banking on the dollar

[Frixxxx]

House set to approve bill aimed at China yuan

(Reuters) - The House of Representatives is poised on Wednesday to pass legislation to pressure China to let its yuan currency rise more quickly, fanning the flames of a long-running dispute over trade and jobs.
The House is expected to approve, with bipartisan support, a bill to treat China's exchange rate as a subsidy, opening the door to additional duties on Chinese goods entering the United States, some of which are already subject to special levies.

hmmm.....duties, levies? And we STILL haven't figured this out yet?

I can't believe that our government has failed to realize the problem within our OWN borders.

 

[Silverbird]

It's going to be like this with China as long as their currency remains outside of the regular market - I'd love to be able to buy some Yuan. The way China has it set up, it doesn't matter what happens with the dollar and other currencies, the Yuan just stays stuck until the Chinese themselves do something. The Chinese economy may be influenced by what happens to the U.S Dollar, but it should not be a three-legged race where the U.S. currency drags the Yuan along, and the recent Chinese purchases of Yen and earlier purchases of the Euro have not amused the Japanese nor the Europeans either (it makes Japanese and European exports more expensive).

In short, only China can change the value of their currency. That's why they get nagged.

 

[Frixxxx]

Obama asks Wen for more action on yuan

(Reuters) - President Barack Obama urged Chinese Premier Wen Jiabao on Thursday to take rapid steps to address a dispute over the value of China's currency and made clear the United States would protect its economic interests.

more

Your government begging for global welfare.....we need to be very careful in how we do this.....China has a lot of our debt and can crush us by making the dollar useless.:blink:

 

[Bullitt]

10 Year note is giving way to the USD advance. Might be time to start trading the dollar in an uptrend.

 

[Grizzly]

Hi,

I've seen ways to invest in various funds that do well against a falling dollar by investing in multiple foreign currencies. Is anyone familiar with the opposite? In other words, are there any funds that invest in the USD?

Thanks,
Bob

Rydex has RYSBX and Pro Funds has RDPSX
Hope this helps
Mike

 

[Bullitt]

Yes, UUP is what I meant.

 

[love-to-bike]

Thanks - not going to jump in or anything but I am interested. Also, I think you meant UUP, not UUD.

 

[Bullitt]

Don't know of funds but here's an idea if you're looking to play the dollar.

1. US Dollar Bullish ETF (UUD) makes money when the dollar climbs.
2. US Dollar Bearish ETF (UDN) makes money when the dollar falls.
Use $DXY for your dollar index.

Good luck with your investing.

 

[love-to-bike]

Hi,

I've seen ways to invest in various funds that do well against a falling dollar by investing in multiple foreign currencies. Is anyone familiar with the opposite? In other words, are there any funds that invest in the USD?

Thanks,
Bob