Alternatively, aggressive 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. [Inverse Euro ETFs to Hedge Against ECB’s Willingness to Expand QE]

“Of course, a higher risk-free rate should be bullish for the U.S. dollar, as it increases the returns that investors receive in exchange for simply parking their money in the currency,” according to CNBC.

PowerShares DB U.S. Dollar Index Bullish Fund