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  The real has been gaining strength against the dollar steadily for the last five years.  This will only increase as the commodity bull market continues.  Foreign currency reserves total a hefty 203 billion dollars.  They are getting their financial house in order and foreign direct investment is booming. 

As a guide for investors seeking exposure to foreign currencies, Doug Fabian looks at five new NYSE-listed ETFs from WisdomTree Dreyfus Currency Income.

In his Successful Investing, he explains,"Three of the funds are aimed at riding currency appreciation in the fast-growing economies of Brazil, China and India, respectively. The fourth is a bet on the Euro, while the fifth is a play on Japan's Yen."