How can you take advantage of a strengthening U.S. dollar?
The first way is to own dollar-denominated securities. The total U.S. stock market (VTI) which measures the performance of large, mid and small cap stocks is ahead by 5.98 percent (as of the March 24 market close). Mid cap (MDY) and small cap stocks (IWM) have led the rise.
Meanwhile, foreign stocks in developed countries (EFA) and emerging market stocks (VWO) have lagged. Currency weakness is putting a damper on the performance of European (VGK) focused investments.
A second way to profit from a rising dollar is to bet against foreign securities. For funds that short foreign stocks with 3x daily leverage see ticker symbols DPK and EDZ. For funds that use 2x inverse daily leverage, see symbols EFU and EEV.