The euro currency weakened to a two-year low against the U.S. dollar as more are calling for the European Central Bank to do more to support the ailing Eurozone economy. Currency traders who want to hedge ahead of any central bank moves Thursday can utilize inverse exchange traded fund options.

The CurrencyShares Euro Currency Trust (NYSEArca: FXE) dipped 0.7% Wednesday. Year-to-date, FXE has declined 10.3%.

The euro currency depreciated 0.6% to $1.2307 Wedneday.

Currency traders can also capitalize on the turn in the European euro through inverse ETF options. For instance, the ProShares Short Euro (NYSEArca: EUFX) is designed to provide 100% of the inverse, or opposite, return of the U.S. dollar price of the euro, on a daily basis and the ProShares UltraShort Euro (NYSEArca: EUO) provides 200% of the inverse return of the U.S. dollar price of the euro on a daily basis. Additionally, the Market Vectors Double Short Euro ETN (NYSEArca: DRR) tracks the Double Short Euro Index, which also provides a -200% exposure to the euro.

Market observers are anticipating the ECB will expand its loose monetary policy as negative data keeps flowing out of the Eurozone. For instance, Markit Economics revealed that the Purchasing Managers Index dipped to 51.1 from 52.1 in October, the lowest reading in 16 months, and the data provider expects economic growth of just 0.1% this quarter, reports Rachel Evans for Bloomberg.

“Expectations for ECB action have risen,” Brian Daingerfield, a currency strategist at Royal Bank of Scotland Group Plc’s RBS Securities, said in the article. “Monetary-policy divergence is still very much the theme and euro-dollar is at new lows as we head into the meeting.” [Dollar Strength is Here to Stay]