What if...

... strong currencies don't want to keep the peg with the dollar anymore?

We have seen it before: Switzerland couldn't resist the EURCHF=1.2 and now the Swiss franc trades considerably higher. Hong Kong, China, Emirates... might get tired of the dollar and let their currencies fly. We all know the USD is temporarily high, however we think it's not a structural movement, and the QEs cannot be forgotten. Can we profit from a peg break?

There is an ETF that invests in a basket of peg currencies: PGD (factsheet here), so a good option could be to buy PGD with some of our dollars. Right now we don't think it is interesting to buy the ETF with euros, because these are very weak now, and we think they will make a big bounce back in less than 2 years.