Ditching the Dollar: The World's Best Currency Bets

Investors are jittery about the declining U.S. dollar, and rightfully so, but where's the best place to park your money?

Though the greenback had a brief resurgence last winter, 2009 has seen the dollar drop against the British pound (8%), the Canadian dollar (12%) and even more against emerging-market currencies like the Brazilian real (23%). With America's economy facing a ballooning trade deficit and ultralow short-term interest rates for the foreseeable future, a rowdy recovery isn't likely.