from King World News
With continued uncertainty in key global markets, look at the remarkable flight from the U.S. dollar.
From Jason Goepfert at SentimenTrader: Traders are giving up on the dollar. Currency-hedged ETFs have seen some of the biggest outflows among all funds in recent days, and funds that bet on a rising U.S. dollar have seen their assets dwindle to the lowest in years. That usually means limited downside for the buck going forward…
[…] It wasn’t that long ago that a rising U.S. dollar was the biggest (perceived) danger to U.S.-based investors who wanted to get exposure to overseas assets. As a result, investors poured into currency-hedged ETFs, the new cool kid on the block.