Sovereign Wealth Funds Reduce Their Dollar Exposure
Sovereign Wealth Funds Reduce Their Dollar Exposure
(via www.contrarianprofits.com)
The U.S. economy is on the way out, says Dave Gonigam in The Daily Reckoning’s blog, Desidooru Saloon. Dave has picked up on a report from the Financial Times that says an anonymous Gulf sovereign wealth fund has slashed its dollar-based holdings. China’s biggest holder of dollar reserves, the State Administration of Foreign Exchange, is also reducing its dollar exposure…
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