Dollar Resurgence – How to Capture Greenback Gains

The dollar's resurgence of the past week has momentum and is built on substance. Since marking a recent bottom in mid-May, the dollar index spot exchange rate has increased over 4% into May 26 trading. I believe the move was ignited by renewed concern about the euro due to an intensification of concern about Greece. It has been supported by other recent events about the dollar and euro, but it is the Greece issue that I believe gives the move substance and momentum. If you agree, you might use the PowerShares DB US Dollar Bullish ETF (NYSE: UUP) to hedge against any relative risk or to capture the activity, and/or derivatives of the UUP to speculatively capitalize on the move. See the report on the dollar.

Disclosure: Kaminis is long UUP. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.