The U.S. dollar has been climbing sharply lately, igniting concerns about a potential currency war among the world's major economic powers. But what does a rising dollar mean for investors like you?

In the following video, Fool markets analyst Mike Klesta talks with Fool contributor Dan Caplinger about the currency markets and the impact that recent events have had on exchange rates. Going beyond the recent slide in the Japanese yen, Dan discusses a number of other countries that have seen currency weakness in comparison to the U.S. dollar. Mike and Dan give a number of different ways to invest in light of these currency moves, ranging from direct currency plays to indirect investing strategies that focus on the economic impact that the dollar's strength will have.

Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow Dan on Twitter: @DanCaplinger. Mike Klesta has no position in any stocks mentioned. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.