Bullish US Dollar ETF vs. Guggenheim Euro ETF The strength of the PowerShares DB US Dollar Index Bullish (NYSE: UUP ) and concomitant drop in the Guggenheim CurrencyShares Euro Trust (NYSE: FXE ) to new 52-week highs and lows respectively also played a role in these international markets. The announcement Thursday by the European Central Bank that it would fight deflation with a U.S.-style quantitative easing program was met with a lukewarm response throughout the international marketplace. Despite today's confirmation, the majority of single-country ETFs that track European markets are largely flat or showing uncharacteristic signs of dismissal.