MONEY MOVES FOR A DOWN DOLLAR

Want to protect your portfolio from the anemic dollar, or even cash in on it? First, don't do anything rash, because currency swings are tough to predict (story by Allan Sloan).But here are some money moves worth considering:

Buy big: American companies like GE and Pepsi that export to countries with strong currencies do well when the dollar doesn't. Or check out the no-load Fidelity Export & Multinational Fund, which has beaten the S&P 500 for years.

Try foreign bonds: If you're convinced the dollar will keep dropping, consider T. Rowe Price's International Bond Fund, which doesn't hedge currencies. Or if you're bullish on the buck, check out the Tweedy, Browne Global Value Fund.

Get government backing: Everbank.com offers savings accounts and certificates of deposit in foreign currencies. A rising dollar would cut their value, but FDIC backs them up.

Gut Call: We'll repeat our warning about big bets on the dollar. But if you have a bit of plating-around money, and you want to act on a hunch, then try one of these two new mutual funds: the Rising U.S. Dollar ProFund and the Falling U.S. Dollar ProFund.

MONEY MOVES FOR A DOWN DOLLAR | News