Almost conversely, PowerShares U.S. Dollar Index Bullish (NYSEArca: UUP), tends to move in the opposite direction as FXE, as the product is designed to replicate the performance of a long position in the U.S. Dollar versus a basket of currencies including the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona, and Swiss Franc.
For those looking for magnified exposure from the bearish and bullish side of the Euro, ProShares UltraShort Euro (NYSEArca: EUO) delivers 2 times the daily inverse returns of the EUR/USD spot rate.
Market Vectors Double Short Euro ETN (NYSEArca: DRR) is designed the same way only this product is in ETN and not ETF form.
For those looking to take the opposite side of the recent rally in the U.S. Dollar, PowerShares U.S. Dollar Index Bearish (NYSEArca: UDN) presents an ETF strategy in 1:1, unleveraged form.
For those looking to aggressively speculate or hedge, PowerShares 3x Long U.S. Dollar Index Futures ETN (NYSEArca: UUPT) and PowerShares 3X Short U.S. Dollar Index Futures ETN (NYSEArca: UDNT) exist for both the bulls and bears whom are looking to take sides here.
CurrencyShares Euro
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