No. of Recommendations: 2
I posted this on the "Living Abroad" board, but since it's a topic here, please permit me to re-post it here:
For the foreseeable future, DW and I (US citizens) are considering spending a good chunk of each year in France, most likely renting for 3 to 6 months at a time and perhaps buying a place later on. The rapid rise in the Euro relative to the USD has prompted me to consider something I know virtually nothing about: how to hedge against a weakening dollar relative to the Euro.
I do not want to get into currency speculation. I want a solution to my (potential) problem that is simple, low risk, and will work easily for sums in, say, the $10K to $100K range.
Is the solution as simple as purchasing FXE in my Schwab account?
Thanks
