By: Dave Forest of Street Authority
I make a ton of currency swaps in my line of work. It goes with the territory. But lately it's been a harrowing experience.
Many currencies around the world have been a mess for the last few months. The value of the British pound, for example, has dropped 13% against the dollar since July 2014.
At the same time, the Canadian dollar has plummeted 15% against its American counterpart. And the Colombian peso -- another currency I'm frequently buying -- is down an astounding 28% over the same period.
I'll admit it's been quite a hassle lately. I almost ran out of pesos in the Colombian countryside recently because of it. But what has me really worried is how these "currency wars" are starting to effect businesses and stocks valuations around the world.
Let me show you what I mean. Continue reading "Where To Find Profits Amid Global Currency Chaos"
