Just noticed the dollar's been on a pretty solid run lately - longest weekly winning streak since February and still climbing. The jobs report came in hot which basically killed any near-term rate cut hopes, so money's flowing into dollar-denominated assets. This is creating some interesting plays for traders looking to capitalize on U.S. dollar strength.

Obviously the direct plays are there - UUP and USDU are the straightforward ways to bet on the dollar itself. UUP tracks a basket of six world currencies so you get broad exposure, while USDU does similar work through the Bloomberg index. Both see decent volume which is nice for getting in and out.

But here's where it gets interesting for U.S. dollar ETFs - there are some indirect beneficiaries too. Small caps like IWM don't have much international exposure so they benefit when the dollar strengthens. Same logic applies to defense contractors in ITA since they do a lot of overseas business and get paid in dollars. Then there's HEFA if you want international exposure but don't want to get crushed by currency headwinds.

The economic data is legit strong - 272k jobs added in May, wage growth finally ticking up after months of flatness, healthcare and leisure sectors leading the gains. That kind of strength typically keeps the dollar bid. If you're looking at U.S. dollar ETFs right now, these are the ones worth monitoring. Strong dollar environment usually favors domestic-focused companies and currency-hedged international plays.