U.S. Dollar Hits a 1-Year High: ETFs to Gain & Lose
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The U.S. dollar has reached a one-year high, impacting various ETFs. Some ETFs are expected to benefit from the strong dollar, while others may face challenges.
November 14, 2024 | 4:00 pm
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POSITIVE IMPACT
HEFA is likely to benefit from the U.S. dollar reaching a one-year high.
HEFA is designed to hedge against currency fluctuations, which means it can benefit from a stronger U.S. dollar as it reduces the impact of foreign currency depreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80