Home » Forums » Politics & Law

0 votes

Sovereign funds cut exposure to weak dollar - Here Comes the Free Fall

Submitted by TimG on Thu, 07/17/2008 - 08:08
in

Some of the world’s largest sovereign wealth funds are seeking to scale back their exposure to the US dollar in a sign of global concern about the currency.

One big sovereign fund in the Gulf has cut its dollar-denominated holdings from more than 80 per cent a year ago to less than 60 per cent, while China’s State Administration of Foreign Exchange (SAFE) has been looking to strike deals with private equity firms in Europe as a part of a strategy to reduce its dollar holdings.

http://www.ft.com/cms/s/fc250ac2-5361-11dd-8dd2-000077b07658...


»

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Rut Row Scooby

Submitted by Susan on Thu, 07/17/2008 - 08:18.

We were warned in the UK press....

www.dailypaul.com/node/55129

The big hurt

Submitted by quiltingsando on Thu, 07/17/2008 - 08:58.

is coming. Peace

—

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.