Foreign car manufacturers should also benefit from a stronger dollar. First Trust Nasdaq Global Auto Index Fund (NYSEArca: CARZ) has a large weighting in big foreign names like Toyota (NYSE: TM), Honda (NYSE: HMC), Daimler and BMW.
Adding to the foreign exporter theme, the iShares S&P Global Consumer Discretionary Index Fund (NYSEArca: RXI) holds many foreign discretionary goods producers that should see export revenues rise as an Americans are able to buy more stuff with an appreciating dollar, Raznick writes.
PowerShares DB US Dollar Bullish Fund
For more information on the U.S. dollar, visit our U.S. dollar category.
Max Chen contributed to this article.