Laurence Fink, the chairman and chief executive of BlackRock Inc., says the U.S. dollar remains the best currency for investors seeking to protect wealth.

"I still believe it is the best place to be if you have a large pool of money," said Fink. Compared with the euro, Japanese yen or pound sterling, "I choose the dollar," he said Thursday. The credit crisis and concern that the United States is borrowing too much have eroded confidence in the dollar and reduced demand for U.S. assets.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.