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Gulf funds drift away from dollar
 
Published by kidmercuryblog
10-07-2007

Gulf funds drift away from dollar

Slowly but surely, everyone is jumping ship. IMO Investors and businesses really need to hedge themselves against the dollar decline. -- KM

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Asset diversification by the Gulf sovereign wealth funds and the possibility that the Organisation of Petroleum Exporting Countries (Opec) will change the pricing of oil from the dollar to another currency could mean more trouble for ...

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