2 Foreign Currency ETFs to Hedge a Weakening U.S. Dollar
The U.S. dollar has experienced a significant decline, dropping 10% against a basket of global currencies, marking its steepest fall since 2022. This decline raises concerns about the dollar's future strength. To hedge against a weakening dollar, investors may consider foreign currency ETFs, specifically the Invesco CurrencyShares Swiss Franc Trust (FXF) and Euro Trust (FXE), which have shown strong performance this year. The FXF is up 12% and the FXE is up 10.7%. These ETFs offer a potential hedge as the dollar continues to face downward pressure.
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