FXA
Invesco CurrencyShares® Australian Dollar Trust
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I have quite a bit in FXF, FXB, and FXA.
It isn't complicated. There are etfs for most major currencies. Like FXF, FXE, FXY, FXA
I manage two portfolios for my personal money. One is a 60/40 portfolio but instead of bonds I swing trade currencies using ETFs. You could just hold one if those ETFs (or a combination of them) in a brokerage acct and earn the dividends while they track their designated currency pair. CADUSD is FXC and EURUSD is FXE. There’s also FXB, FXY, FXA, and FXF.
yeah, I mean this has played out (FXF is up 11% YTD). may keep playing out could hold: FXF, FXY, FXA international unhedged bonds gold emerging market stocks other commodities
I get your concern. I've ended up with a mix of: bonds & fixed income (various, inc. global unhedged) short term treasuries (SGOV) growth equities (cybersecurity, battery tech, others) commodities (PDBC, DBA, IAU) currency exposure (FXY, FXF, FXA) divident & income stocks (SCHD, MO, others)
Eh.... So you have a few choices when it comes to currencies. You can go FXB, FXE, FXA, FXC, FXY, etc. Or you can go with the corresponding future, /6B, /6E, /6A, /6C, /6J. The futures options are much more liquid than the ETF equivalent.
Although i am still in the market i am holding more cash than usual atm. I put a fair amount of it into FXE, FXF, FXY and FXA to hedge against the dollar.
The Invesco currency ETFs for several currencies also earn some interest: FXE (Euros), FXA (Australia), FXB (UK), FXC (Canada). The FXF (Francs) and FXY (Yen) do not. The collection of these (UDN) all together does earn some interest.
I moved quite a bit of my cash funds into FXF, FXE, FXY and FXA. These track the Swiss franc, Euro, Yen and AUD vs USD. If the dollar drops relative to these their value will increase. I was planning on buying some of these currencies directly but this was easier.
I'm carrying FXF, FXY, FXA. But no where near that allocation. I think 5% total depending on the day. It's a hedge more than a full play.
What are your thoughts on doing like 40/40/20 FXF,FXA,FXE? I was just talking to ChatGPT about this a minute ago?
I assume many countries are doing this too, thus the decline of USD. lol Add FXA too.
For today, I bought FXA because i feel Australia is a bit insulated from this tariff fight: they mainly export resources and buy products from US. Therefore when USD is tanking, they benefits. There is no war issue or racial or Islam issue there yet. I also bought NVX, which is very thinly traded, and is a graphite manufacturer. If the tariff war drags on and China continues to block graphite export, they will benefit. Another firm is WWR, but that one seems to be a development stage mining firm.
my whole portfolio is pretty much a hedge at this point (US equities down to 10% and defensive) but specifically PSQ, TAIL, PFIX along with FXF, FXY, FXA
I highly recommend using an ETF like $FXA to trade the Australian vs. US Dollars. It's probably worth the 0.4% expense ratio, unless you're investing a huge amount. Using foreign bank account is going to fuck up your taxes - you'll need to file extra forms with the IRS (FBAR) and consider opting out of Section 988.
Here's a list of etfs that hold other currencies. Call options on these would accomplish what you're trying to do. FXE = Euro FXB = British pound FXF = Swiss franc FXY = Japanese Yen FXC = Canadian dollar FXA = Australian dollar GLD = Gold
I've taken some of the money that was in my US dollar account and bought FXF, FXE, and FXA. Other money is invested in European ETFs or stocks (esp defense stocks) and GLD.
Good time to put your dollars into other currencies. FXE = Euro FXB = British pound FXF = Swiss franc FXY = Japanese Yen FXC = Canadian dollar FXA = Australian dollar GLD = Gold
Yes. If you have a lot of cash in usd, you can buy currency etfs to hedge against dollar decline. FXE = Euro FXB = British pound FXF = Swiss franc FXY = Japanese Yen FXC = Canadian dollar FXA = Australian dollar GLD = Gold
I’m actually restricted from direct FX markets bc of my job (wealth management at a big firm) so I use currency ETFs to get exposure to the major global currencies against the dollar. FXF tracks the Franc/USD pair. UUP tracks DXY. The pairs against the dollar are FXE, FXB, FXY, FXA, FXF, and FXC.
So I looked into that... any bank account held outside the US must be reported with an FBAR form (spouse depends but possibly spouse as well) or risk a fine up to $10k per something. Also, as a non USD currency, its be subject to taxes just like a stock investment. HSBC offers that capability... their checking accounts can have the "global money" feature enabled, which allows setting the default currency (same idea as core position)... AUD, CAD, EURO, USD, and a few others. So i don't think you'd be able to stop the govt from trying to take your account balance from them, if they simply go directly to the bank. A handful of tickers can represent the exchange rates... FXA, FXE, FXY, etc....but that assumes your brokerage/ IRA account is safe. Alternatively, physical assets like gold, or maybe crypto (if you can use it) might work. In theory cash out early, but I agree I'd want to avoid USD
Looks like not as much as people were expecting though? I've got $10k in FXA, curious to see what happens
I was more saying that I got lucky with the timing of the trades. FXA and FXC had been down a few points but they've leveled back out. I think it was likely the events of last Monday when the whole market reacted and I just got lucky
I've been investing in FXY cause I like the currency. Don't much care about the returns for this one in particular, I just like that I'm getting it low. Had some AUD (FXA) and CAD (FXC) too but I sold them for the time being (got low and sold at the high) to put further into the yen. Is it ideal? Probably not. Will I make money off it? Probably not. But I am thinking I'll just hold it into my lifetime.
I oftem trade $FXA as a $USD to $A currency trade
https://youtube.com/clip/UgkxYAeXNU_WS8zlTtPreLmJB0FXA6SaFkPa
DXY at 103.9. highest level since 2002 and seeing some resistance here. I think it's possible it could get up to 105-106 in the next few months, but I'm starting to get more interested in currency exchange rates. They don't have to beat earnings. Maybe longer dated calls on FXA, FXE, etc... Spreads are not great, but could be some opportunities.