Q: Pat: What’s a way for me to gain from a fall in the U.S. dollar against the Canadian dollar? What about for other currencies against the U.S. dollar? Thanks.

A: Invesco CurrencyShares Canadian Dollar Trust, $74.94, symbol FXC on New York (Shares outstanding: 2.2 million; Market cap: $164.9 million; www.currencyshares.com), is one of a number of CurrencyShares ETFs offered by Guggenheim Partners. These ETFs rise in value when the U.S. dollar falls and drop… Read More

Q: What’s a cheap way for me to profit from any further increases in the Canadian dollar against the U.S. dollar? What about the recent rise for several other widely traded currencies against the U.S. dollar?

A: CurrencyShares Canadian Dollar Trust, $78.79, symbol FXC on New York (Shares outstanding: 2.5 million; Market cap: $197.0 million; www.currencyshares.com), is one of a number of CurrencyShares ETFs offered by Guggenheim Partners. These ETFs rise in value when the U.S. dollar falls and drop when… Read More

I am wondering if CurrencyShares, traded on the New York Stock Exchange, are a good way to invest in currencies. For example, the CurrencyShares Euro Trust has been much weaker than the U.S. dollar lately, and I think it will rebound. Many thanks.

CurrencyShares Euro Trust, $122.55, symbol FXE on New York (Shares outstanding: 6.7 million; Market cap: $815.1 million), is one of a number of CurrencyShares exchange-traded funds (ETFs) offered by Maryland-based Rydex. These ETFs rise in value when the U.S. dollar falls, and drop when the… Read More

What your broker won’t tell you about forex investments

With the Canadian dollar trading near $0.97 U.S., and outperforming many of the world’s major currencies, interest in forex (or foreign exchange) investments has picked up lately.

Forex investments involve dealing in foreign currency futures or options. This can make sense for a business that is… Read More

I am wondering if CurrencyShares traded on the New York Stock Exchange are a good way to invest in currencies. For example, the CurrencyShares British Pound Sterling Trust has been stronger lately than the U.S. dollar and I think it will go higher. Many thanks.

CurrencyShares British Pound Sterling Trust, $158.99, symbol FXB on New York (Shares outstanding: 950,000; Market cap: $151.0 million), is one of a number of CurrencyShares exchange-traded funds (ETFs) offered by Maryland-based Rydex. These ETFs rise in value when the U.S. dollar falls, and drop when… Read More

Forex investments: Not a license to print money

When the economy is volatile, there seems to be more advertisements for forex (foreign exchange) investment products, or strategies for making forex investments.

Dealing in forex investments through foreign currency futures or options can make sense for a business that has been forced to take on… Read More