PowerShares Ultra DB US Dollar Bearish Index (NYSE: UDN) might allow traders to profit if the dollar continues to depreciate.

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The UUP, which tracks the dollar, has dropped in recent weeks as the UDN, which is a dollar-bearish ETF, has risen.

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The bet against the dollar is buying the PowerShares DB US Dollar Index Down ( UDN), which moves higher tracking a basket of currencies including the euro versus the dollar.

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