Using the Rydex Euro Currency Trust (FXE) exchange traded fund can help with concern over a slowing economy and declining dollar.
Along with the fear of a slowing economy, investors are concerned a weakening market has encouraged the Fed to pause its policy of steadily increasing interest rates thus putting further downward pressure on the greenback.
Speculating that the U.S. dollar is headed lower, China is slowly but surely trading in their U.S. dollars for Euros and yen. China’s National Bureau of Statistics said the country should begin diversifying its foreign-exchange reserves in order to hedge itself against a falling U.S. dollar.