English Title:
Dollar Strength Builds: ETFs to Ride the Greenback Rally

中文标题：
美元强力构建:骑绿背车的ETF

English Content:
The near-term outlook for the U.S. dollar remains constructive, supported by expectations of a hawkish Fed amid persistent inflationary pressures. Elevated oil prices and substantial AI-related spending have heightened concerns that inflation will remain stubborn, particularly as it continues to exceed the Fed's 2% target. These pressures could prompt the Fed to maintain a restrictive monetary stance, with markets increasingly anticipating further rate hikes in the coming months. This backdrop could keep the greenback well supported and present a tactical opportunity for investors seeking exposure to a stronger U.S. dollar. According to TradingView, the U.S. Dollar Index (DXY) has gained 0.13% over the past five days and 3.30% over the past month. The index has advanced 4.45% over the past six months and 3.40% over the past year. Although DXY declined 0.25% in the latest trading session, the modest pullback does not necessarily undermine the bullish near-term outlook for the greenback, given the prevailing inflationary pressures and expectations of a hawkish Fed. Inflationary Pressures Refuse to Fade With inflation still above the Fed's 2% target, expectations of further rate hikes remain elevated. Following an escalation in geopolitical tensions in the Middle East over the weekend, Brent crude prices touched $106.80 per barrel, while West Texas Intermediate (WTI) crude traded around $93.80 per barrel on Monday. Persistently elevated oil prices are likely to add to inflationary pressures, reinforcing expectations that the Fed will maintain a hawkish stance at least through early 2027. Geopolitical tensions in the Middle East have remained volatile since the onset of the conflict between Washington and Tehran, with a lasting peace settlement appearing unlikely in the near term. Meanwhile, recent developments in the Russia-Ukraine war have done little to clarify the outlook, adding to uncertainty across global energy markets. Oil prices are not the only factor fueling inflation concerns. Significant AI-related spending, war-related costs stemming from the Iran conflict and other economic pressures could further intensify inflationary pressures, reinforcing expectations of additional Fed rate hikes as policymakers seek to bring inflation under control. Hawkish Fed Expectations Keep Dollar Bulls Hopeful With markets increasingly anticipating a restrictive monetary policy stance from the Fed in the coming months, the dollar could remain well supported. The value of the greenback is closely related to the Fed's monetary policies, as its value moves inversely with interest rate adjustments by the Fed. Therefore, expectations for a more hawkish Fed stance could provide further support to the dollar. However, markets increasingly expect the Fed to hold rates steady at its October meeting before potentially resuming a hawkish stance in December. According to the CME FedWatch Tool, markets currently see an 80.6% probability of rates remaining the same at the October meeting. In December, markets estimate an 84.7% likelihood of the Fed hiking rates. Per the CME FedWatch tool, the probability of rates being increased to 4-4.25% at the December meeting has surged to 69%, compared with only 48% a month earlier. However, the probability of a rate hike to 4.25-4.50% stands at 15.7%, down from 27.6% a month ago. ETFs to Gain From Dollar Strength Against this backdrop, the dollar could remain well supported through the remainder of 2026 and into the early months of 2027, especially as inflation concerns remain persistent and markets expect the Fed to maintain its hawkish bias during this period. This could support a constructive near-term bullish outlook for the greenback. However, the dollar's longer-term trajectory will depend on how inflation evolves and the Fed's policy outlook. Investors should closely monitor monetary policy developments and broader economic conditions when evaluating their long-term dollar exposure and diversification strategies. Below, we have highlighted ETFs that may benefit from a stronger U.S. dollar and are well-suited for investors with a bullish outlook on the greenback. Invesco DB US Dollar Index Bullish ETF UUP Invesco DB US Dollar Index Bullish ETF offers exposure to a basket of currencies relative to the U.S. dollar, increasing in value when the dollar appreciates. UUP has gathered an asset base of $465.4 million and charges an annual fee of 0.70%. Invesco DB US Dollar Index Bullish ETF has a one-month average trading volume of about 1.88 million and has a Zacks ETF Rank #3 (Hold), with a Medium Risk outlook. The fund has added 4.4% over the past year and 5.3% year to date. UUP has risen 3% over the past month and 1.9% over the past three months. WisdomTree Bloomberg U.S. Dollar Bullish ETF USDU WisdomTree Bloomberg U.S. Dollar Bullish ETF employs an active strategy and has gathered an asset base of $312.8 million, charging an annual fee of 0.50%. USDU has a dividend yield of 3.64%. The fund has a one-month average trading volume of about 338,000 and a Medium Risk outlook. WisdomTree Bloomberg U.S. Dollar Bullish ETF has added 1.5% over the past year and 2.21% year to date. USDU has witnessed an upside of 0.51% over the past month and 0.80% over the past three months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

中文正文：
美元近期前景仍然具有建设性,美联储在持续的通货膨胀压力下寄予厚望。 油价上涨和大量AI相关支出,使人们更加担心通货膨胀仍将顽固不化,特别是因为通货膨胀继续超过美联储2%的目标。 这些压力可能促使美联储保持限制性的货币姿态,随着市场在未来几个月中越来越预期利率会进一步上升。 这种背景可以使绿色回馈得到很好的支持,并为寻求获得更强劲美元风险的投资者提供一个战术机会。 根据TradingView,美国美元指数(DXY)在过去5天里获得了0.13%,在过去一个月里增长了3.30 %. 该指数在过去6个月中增长了4.45%,在过去一年中增长了3.40%。 尽管DXY在最近的交易会上下降了0.25 %,但适度的退缩并不一定会破坏对绿背党的粗鲁的近期前景,因为当前的通胀压力和鹰式美联储的期望。 通货膨胀仍然高于美联储2%的目标 继续提高。 周末中东地缘政治紧张局势升级后,布伦特原油价格达到每桶106.80美元,而西德克萨斯州中级(WTI)原油在星期一大约每桶93.80美元的交易. 持续上涨的石油价格有可能增加通货膨胀压力,强化人们的期望,即美联储至少到2027年初将保持雄心壮志。 自华盛顿和德黑兰冲突开始以来,中东的地缘政治紧张局势一直动荡不定,近期似乎不可能实现持久的和平解决。 与此同时,最近俄罗斯-乌克兰战争的发展没有为澄清前景做多少工作,增加了全球能源市场的不确定性。 石油价格并不是助长通货膨胀的唯一因素。 AI相关支出、伊朗冲突引起的战争相关费用以及其他经济压力可能进一步加剧通货膨胀压力,在决策者试图控制通货膨胀时,提高美联储利率上升的期望。 霍克式美联储的期待 保持美元公牛的希望 随着市场日益期待限制性 在未来几个月里,美联储的货币政策立场,美元可以继续得到很好的支持。 绿背值与美联储的货币政策密切相关,因为它的价值随着美联储的利率调整而反向移动. 因此,对美联储采取更强硬立场的期望可以为美元提供进一步支持。 然而,市场越来越期望美联储在其10月的会议上保持稳定利率,然后才可能在12月恢复鹰派立场。 根据CME FedWatch工具,目前市场在10月会议上发现利率保持不变的概率为80.6%。 12月,市场估计美联储的徒步利率有84.7%的可能性. 根据CME FedWatch工具,12月会议上的利率上升至4-4.25%的概率猛增至69%,而一个月前仅为48%。 然而,升至4.25%至4.50%的概率为15.7%,低于一个月前的27.6%。 在这种背景下,美元在2026年的剩余时间和2027年的最初几个月内可以继续得到很好的支持,特别是因为通货膨胀问题依然存在,市场期望美联储 在此期间保持其鹰式偏见。 这可能支持对绿背党的建设性近期傲慢前景。 然而,美元的长期轨迹将取决于通货膨胀如何演变以及美联储的政策前景. 投资者在评价其长期美元风险和多样化战略时,应密切监测货币政策的发展和更广泛的经济条件。 下面我们强调ETF可能得益于更强劲的美元,并且非常适合那些对绿色背面持傲慢观点的投资者. Invesco DB 美元指数 Bullish ETF UUP Invesco 美元指数 Bullish ETF 提供与美元相对的一篮子货币的敞口,当美元升值时价值增加. UUP已经筹集了4.654亿美元的资产基础,每年收取0.70%的费用. Invesco DB US Dollar Index Bullish ETF的1个月平均交易量约为188万,拥有Zacks ETF Rank #3(Hold),具有中度风险前景. 该基金在过去一年中增加了4.4%,迄今为止增加了5.3%。 UUP在过去一个月里增长了3%,在过去三个月里增长了1.9%。 智慧 Tree Bloomberg 美国美元 Bullish ETF UDU WisdomTree Bloomberg U.S. Dollar Bullish ETF采用积极策略,已募集资产基数3.128亿美元,年费0.50%. USDU的红利收益率为3.64%. 该基金一个月的平均交易量约为338 000美元,风险前景为中度。 WisdomTree Bloomberg U.S. Dollar Bullish ETF去年加薪1.5%,至今年均2.21%. 美元在过去一个月里翻了0.51%,在过去三个月里翻了0.80%。 想要扎克斯投资研究公司的最新建议吗? 今天,您可以下载未来30天的7种最佳股票。 点击以获取此免费报告