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The dollar, so far this year, has slid about 7.3% against the euro and 4.7% against the Japanese yen through June 30.
Amid the weakness, fund companies are now rolling out a host of exchange traded fund (ETF) products and mutual funds that designed for individual investors who want to make direct bets on currencies. Recent offerings include Merk Asian Currency Fund, which invests in currencies of China, India, South Korea and other Asian countries; currency exchange-traded funds that seek to deliver roughly the income available to U.S. buyers of, say, Indian or Brazilian short-term debt; and exchange-traded notes that let investors make magnified bets on the euro.
But for many of these investors, the currency moves mean far more than new fund choices. Even for those who don't want to directly bet on currencies, the dollar's rapid moves up and, most recently, down can affect their holdings in U.S. and foreign stocks and bonds and have an impact on their buying power, as a weak dollar can lead to inflation.
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