Going Foreign

This 200 second video interview shares how the dollar is down 12.5% from the Euro in this past year. Because cutting interest rates lowers the value of the dollar, now is probably a good time to invest in foreign companies, foreign currencies, and foreign markets. Because investors see that they will be more likely to get a better return by investing internationally, the demand and price of foreign currencies will increase even more. The video stated that the CurrenyShares Canadian Dollar Trust (NYSE:FXC) was up 22.9% this past year. Companies in the U.S. that have a lot of foreign sales or sell inelastic consumer staples, such as toothpaste and soap, should fair better than other U.S. firms, according to the video.