In the face of an awkward UK - EU divorce (if and when it is triggered), Pound Sterling (GBP) has fallen significantly against the Euro, the United States Dollar (USD) and
other global currencies since June 24.
A weaker U.S. dollar, relative to
other global currencies, deserves a lot of the credit as well.
This is an excellent vehicle for investors who are searching for a cost effective way to track the value of the US Dollar relative to
other global currencies.
Due to the U.S. dollar's weakness relative to
other global currencies, we currently hedge two underlying foreign currencies, the Japanese yen and the Swiss franc.
Other global currencies, excluding the Japanese yen, have experienced similar movements in the past few months.
Hedge Discussion We continue to believe that the U.S. dollar is undervalued relative to
other global currencies.
Currency Hedges Because of the U.S. dollar's continued weakness relative to
other global currencies, we added to existing hedge positions and initiated a hedge for part of the Fund's euro exposure.
Jordan Bishop: With the Dolar Blue continuing to fall relative to
other global currencies, and the spicy South American summer around the corner, there are few better places to be right now than in the beating heart of Argentina.
That gives it a leg up on the dollar and
other global currencies that are subject to inflation.
In December 2015, Pound Sterling stood strong against the Euro, the Dollar and
other global currencies.
Bitcoin is fetching more returns than gold,
other global currencies, stock markets, commodities market and even real estate market.