ll Gross in his May Investment Outlook “As GM Goes, So Goes the Nation” advises investors to sell some U.S. assets and look at lower-cost, faster- growing countries in Asia that have higher savings and investment rates.

The finance ministers of Japan, China and South Korea issued a statement th

After a year during which higher American interest rates helped stem pressure on the U.S. Dollar, the currency is losing ground around the world. U.S. policy makers and investors are scrambling to cope with what may a long period of dollar weakness.

You don’t have to go far to see evidence of the declining greenback – just look to Canada whose currency is at a twenty year high to the U.S. dollar. After bottoming out at 62 cents in 2002, the Canadian dollar known as the loonie has climbed to 90 cents and some predict parity.

It doesn’t take an economist to understand this change of fortunes. While the U.S. is running enormous budget and trade deficits, Canada has recorded 10 straight years of balanced federal budgets, has one of the world’s lowest national debts relative to GDP and, of course, is benefiting greatly from high commodity and energy prices.

The Canada iShare ETF (EWC) is up 47% over the last 12 months.

After showing some strength in 2005, the American dollar has also losing ground against the euro going from 0.79 euro to 0.82 euro during the last month

But it is in Asia that the American dollar faces its greatest challenge.

Pimco guru Bill Gross in his May Investment Outlook “As GM Goes, So Goes the Nation” advises investors to sell some U.S. assets and look at lower-cost, faster- growing countries in Asia that have higher savings and investment rates.

The finance ministers of Japan, China and South Korea issued a statement thi

the declining greenback – just look to Canada whose currency is at a twenty year high to the U.S. dollar. After bottoming out at 62 cents in 2002, the Canadian dollar known as the loonie has climbed to 90 cents and some predict parity.

It doesn’t take an economist to understand this change of fortunes. While the U.S. is running enormous budget and trade deficits, Canada has recorded 10 straight years of balanced federal budgets, has one of the world’s lowest national debts relative to GDP and, of course, is benefiting greatly from high commodity and energy prices.

The Canada iShare ETF (EWC) is up 47% over the last 12 months.

After showing some strength in 2005, the American dollar has also losing ground against the euro going from 0.79 euro to 0.82 euro during the last month

But it is in Asia that the American dollar faces its greatest challenge.

Pimco guru Bill Gross in his May Investment Outlook “As GM Goes, So Goes the Nation” advises investors to sell some U.S. assets and look at lower-cost, faster- growing countries in Asia that have higher savings and investment rates.

The finance ministers of Japan, China and South Korea issued a statement th

rtunes. While the U.S. is running enormous budget and trade deficits, Canada has recorded 10 straight years of balanced federal budgets, has one of the world’s lowest national debts relative to GDP and, of course, is benefiting greatly from high commodity and energy prices.

The Canada iShare ETF (EWC) is up 47% over the last 12 months.

After showing some strength in 2005, the American dollar has also losing ground against the euro going from 0.79 euro to 0.82 euro during the last month

But it is in Asia that the American dollar faces its greatest challenge.

Pimco guru Bill Gross in his May Investment Outlook “As GM Goes, So Goes the Nation” advises investors to sell some U.S. assets and look at lower-cost, faster- growing countries in Asia that have higher savings and investment rates.

The finance ministers of Japan, China and South Korea issued a statement th

ETF (EWC) is up 47% over the last 12 months.

After showing some strength in 2005, the American dollar has also losing ground against the euro going from 0.79 euro to 0.82 euro during the last month

But it is in Asia that the American dollar faces its greatest challenge.

Pimco guru Bill Gross in his May Investment Outlook “As GM Goes, So Goes the Nation” advises investors to sell some U.S. assets and look at lower-cost, faster- growing countries in Asia that have higher savings and investment rates.

The finance ministers of Japan, China and South Korea issued a statement th

ll Gross in his May Investment Outlook “As GM Goes, So Goes the Nation” advises investors to sell some U.S. assets and look at lower-cost, faster- growing countries in Asia that have higher savings and investment rates.

The finance ministers of Japan, China and South Korea issued a statement this week that announced “immediate launching of discussions on the road map for a system to coordinate foreign exchange policy” and the further study of a common currency unit.

While I am certainly not as fatalistic as Mr. Gross about the prospects for the American economy, since publishing in early 2003 the book "The New Global Investor", I have called for investors to have an Asian tilt in their global portfolios.

Since ETFs are not hedged they are excellent investment tools to benefit not only from the appreciation of stocks held inside the ETF basket but also benefit from currency appreciation relative to the American dollar.

Here are a few examples. The Austria iShare (EWO) is up 57% over the past year, South Africa (EZA) is up 70%, Australia (EWA) is up 36%, Sweden (EWD) is up 39% and Singapore (EWS) is up 21%. Rydex has also introduced a Euro Currency Trust ETF (FXE) that would benefit from a stronger euro and has an annual fee of only 0.30%.

What does America needs to do to keep the dollar strong and maintain its premier status as a global reserve currency? First, show some fiscal discipline. President Bush should follow through on his veto threat if the $10