Hi, I have a question regarding best way to protect against dollar decline.

My business has presence in Eastern Europe where Dollar is king but Euro is gaining. My fear is that with what's happening to USD daily, the Euro will overtake USD position. I want to hedge against this.

My question is this, should I simply purchase Euros in the forex market and just hold them as a hedge or should I purchase FXE fund or something of that sort? Sorry, I am just not familiar with this and that's why I would appreciate any expert advice.

Thanks in advance.