How to Profit From the Dollar's Recoveryhttp://www.fool.com/investing/etf/2008/08/20/how-to-profit-from-the-dollars-recovery.aspx Zoe Van Schyndel, CFA
August 20, 2008
Unless you've been hiding in a cave for the past several years, you know just how hard the U.S. dollar's value has been hit. Yet despite ongoing concerns about weakness in the economy, the dollar has reversed its seven-year slide in recent months, rising nearly 10% against the euro.
It's hard to say whether this reversal of fortune will last. But an exchange-traded fund that focuses on a strong greenback, the Powershares U.S. Dollar Bullish Fund (AMEX: UUP ) , offers investors an opportunity to benefit if the dollar keeps rising.