“There’s some perception that if geopolitical tensions escalate, the euro zone economy would be the most potentially vulnerable economy in the G10, and that hurts the euro,” Vassili Serebriakov, currency strategist at BNP Paribas, said in the Reuters article.
The PowerShares DB U.S. Dollar Index Bullish Fund tracks the price movement of the U.S. dollar against a basket of currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc.
Investors can also look at an actively managed option, WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEArca: USDU), which currently tracks the USD against the euro, yen, Canadian dollar, U.K. sterling, Mexican peso, Australia dollar, franc, South Korean won, Chinese yuan and Brazilian real. USDU is down 1.4% year-to-date. [ETFs for the end of ZIRP]
Additionally, for the more aggressive trader, the PowerShares DB 3x Long US Dollar Index Futures ETN (NYSEArca: UUPT) provides a leveraged 300% bullish monthly return to the U.S. dollar futures index. UUPT is up 1.0% year-to-date.
PowerShares DB U.S. Dollar Index Bullish Fund
For more information on the USD, visit our U.S. dollar category.
Max Chen contributed to this article.