Horizons US Dollar Currency ETF T.DLR

Horizons DLR seeks to reflect the reference value in Canadian dollars in respect of the Cdn Units and U.S. dollars in respect of the US Units of the U.S. dollar net of expenses by investing primarily in cash and Cash Equivalents that are denominated in the U.S. dollar. DLR generally invests in Cash Equivalents with maturities of 90 days or less. As the underlying exposure of the Cdn$ units and US$ units of DLR is the same, no currency hedging is used with respect to US$ units of DLR. In order to achieve its investment objective, DLR may also, subject to regulatory approval, invest in money market mutual funds, exchange traded funds, or exchange traded notes.

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Horizons US Dollar Currency ETF

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Post by bullcharton Mar 12, 2015 7:12am

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Post# 23512595

Safe haven on this one

As the US$ moves up DLR will continue to climb. Since this has only been around since 2011, and the US$ index has stayed in the 74-86 level, DLR has been range bound. If this had been around 1997-2002 we would have seen it run from the 10.50 area to 14/15 area. At the moment, DLR is posed to move into the 13.00 area as oil and gold keeps weakening. As far as I am concerned, the US$ is the place to hide for the next few years. The 1996 to 2002 was a 6 year move. I think we will see at least a 2014-2020 move on the US$ and reach as high as 120 putting the CDN$ back to .60 cents as it was in dec 2001.
Those that do not learn from history, are doomed to repeat it.

My opinion only, but that is all that counts at the moment.

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