Whether hedging U.S. dollar investments or speculating on global economic changes, exchange traded funds and notes provide an investors with a low-cost way to gain appropriate exposure.
That’s according to the article Other People’s Money which highlights several currency ETFs and ETNs.
For funds that directly hold currencies, the article suggests looking into the Rydex CurrencyShares ETFs including:
Russian Ruble Trust (XRU)
Currency ETFs from WisdomTree include:
WisdomTree Dreyfus Emerging Currency(CEW)
An ETF that provides exposure to a long-short strategy is the PowerShares DB G10 Currency Harvest Fund (DBV).