A thought and a hedge

Everyone is concerned about the dollar; including countries whose currency is linked to the US. Several of these countries are facing inflation because the dollar link doesn't reflect the strength in their economy.

I'm thinking of 2 now: China and the UAE.

Here is the hedge. If the dollar tanks, falls, panics then so does the Chinese and UAE currency, but since the currencies are artificially low an immediate decoupling will shoot these currencies immensely higher.

If the dollar rallies then logically so will these currencies in relationship to the Euro.

So this is what you call a win-win.