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windy
10-22-2013, 02:03 PM
Cash Out: why some investors hold foreign currencies




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By Chris Taylor
NEW YORK | Mon Oct 21, 2013 1:48pm EDT

(Reuters) - You've heard of Doomsday Preppers: folks who think cataclysmic events are on the way, and who want to be prepared by stockpiling resources.
Now meet the Currency Preppers.
With government dysfunction on full display in Washington, and the Federal Reserve continuing its policy of bond buying known as quantitative easing, some investors are feeling highly unsettled about the future of the U.S. dollar, which hit eight-and-a-half month lows on Friday against the euro and a basket of foreign currencies (http://www.reuters.com/finance/currency). So much so, they have decided to hold some cash in foreign currencies (http://www.reuters.com/finance/currencies?lc=int_mb_1001).

windy
10-22-2013, 02:07 PM
Cash Out: why some investors hold foreign currencies (http://www.reuters.com/article/2013/10/21/us-cash-currency-foreign-idUSBRE99K0Q320131021)

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