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Global X US Dollar Currency ETF (DLR)
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Purpose US Cash Fund (PSU.U)
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Global X USD Cash Maximizer Corporate Class ETF (HSUV.U)
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US High Interest Savings Account Fund (HISU.U)
Q: Investing in US currencies - Can you provide some suggestions on how to participate in the strength of the US dollar as compared to the CDN dollar.Are there exchange-traded funds of exchange-traded notes that focus on exploiting US currency movements?
5i Research Answer:
The Global X US Dollar Currency ETF (DLR) provides investors with exposure to the performance of the USD compared to CAD. It has a 0.59% MER.
Alternatively, investors can look at high-interest savings ETFs denominated in USD, such as PSU.U, HSUV.U, HISU.U. These will largely pay a yield (except HSUV.U which is reinvested into the NAV) and have exposure to the USD.