Bought Australian Dollars

ytytytyt | May 10, 2013 | 156 posts since 2013

Dear Readers,

We've heard the crowing about the "destruction of US dollar" quite often around here. But the US dollar has risen lately against the other currencies.

Bought a little of Australian Dollars, using exchange traded fund FXA today at 99.80 and will sell (if possible) at 102.79. FXA currently gives 2.22% interest.

Link to CurrencyShares: www.currencyshares.com

Yours Truly,

- Anon

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ytytytyt | May 17, 2013 | 156 posts since 2013

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Dear Readers,

Australian Dollars continuted the decline ... Bought more FXA today at 97.22. Will sell at 101.51, if possible.

Yours Truly,
- Anon
In FED I Trust :-)

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ytytytyt | May 22, 2013 | 156 posts since 2013

Dear Readers,

As I posted a little while ago US Dollar has continued its rise, which means the other currencies have declined. I bought more FXA today at 96.81. Will sell at 3% profit if possible.

On June 1, 2013, FXA is expected to do dividend distribution, so my "sell" orders will be adjusted accordingly. The FXA's dividend distrubution history is available for free at link below:

http://www.nasdaq.com/symbol/fxa/dividend-history

Yours Truly,
- Anon
In FED I Trust :-)