§ The dollar is looking better on a relative basis – see the US Dollar Index (USDX)
§ Euro is declining as “PIIGs” component of euro is experiencing credit perception issues (Portugual, Ireland, Italy and Greece)
§ 60%: Euro is about 60% of USDX
§ US Dollar Outlook: Its technical features appear strong although long term its fundamental are weak due to the US deficit picture
Bottom Line: Consider an investment in UUP, an ETF that is dollar bullish via futures contracts.