In what currency should I invest?

Question

I would like to invest in foreign currency and would like to know what would be my best bet right now?

Answer 1

How are you going to do that?

Answer 2

Peco's!

Answer 3

I would still go with the Euro or the Australian Dollar.

The US Dollar index is approaching a series of previous highs, and many believe that it will meet with "resistance" and have a hard time breaking through and going even higher.

It has been a good run for the US Dollar lately, and if you had asked this question back on Jul 16, I would have said the US Dollar.

But, the current run is over, and the US Dollar will fall back within the "channel" it has moved in for past 5 months.

As a follow up, you need to ask yourself if you think oil will continue to go down or pop back up and if you have any sentiment on which way our economy is going.

Both oil and economic concerns can ease or cause more inflation, which in turn raises the US Dollar or lowers it.

Personally, I think more bad news is on the horizon, falling housing prices, more un-employment, blue chip companies and banks reporting diminished earnings, all of which drive the US Dollar value down.

Good luck !

Answer 4

euro is good right now but the us dollar is roaring back

Answer 5

pounds and euros