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This Element is an excerpt from The ETF Trend Following Playbook: Profiting from Trends in Bull or Bear Markets with Exchange Traded Funds (ISBN: 9780137029013) by Tom Lydon. Available in print and digital formats.
What you need to know about currency trading—and how to use currency ETFs to profit from it.
In recent years, the dollar has become significantly weaker than other major currencies. At one point, US$1 was worth half of £1. But having a strong or weak currency is never uniformly a good or bad thing. Consider the implications for both circumstances. With a weak dollar, you may be less inclined to purchase goods manufactured in countries with much stronger currencies. Meanwhile….