If you think other currencies will appreciate against the dollar, one way to participate in such moves is to invest in foreign-currency CDs and money market accounts from www.everbank.com. These accounts give U.S. investors exposure to broad trends in a currency or currencies without having to select specific industries or companies.
For example, you might think that a weak dollar would be bullish for commodities. “Commodity CDs” from Everbank hold the currencies of four nations (Australia, Canada, New Zealand, South Africa) that rely heavily on commodities, from oil and gas to grains and timber. Those currencies are likely to appreciate, if commodity prices keep rising.
Everbank also offer a Chinese Renminbi (also known as the yuan) account, which provides an 0.5 percent yield, FDIC insurance, and exposure to any currency appreciation. The U.S. has been pressuring China and Japan to refrain from artificially managing their currencies. The Chinese yuan, in particular, seems to be undervalued so some increase is considered likely.
