Many thanks. The one major currency I still have a question for you is the Euro. How do you think it would fare as a refuge currency in another deleveraging/markets crisis ? And how do you see its prospects as a recovery currency?
I ask partly as the Merk Hard Currency Fund has the major portion of its portfolio in the Euro - it sees the Eurozone as being less inflation-prone because of their more conservative approach to stimulus.
Ashraf - following your incisive BNN interview yesterday what currencies, apart from the USD, would you favour in the event of another deleveraging/markets crisis? Would a commodity-based currency like the NOK suffer in such an event?
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Many thanks. The one major currency I still have a question for you is the Euro. How do you think it would fare as a refuge currency in another deleveraging/markets crisis ? And how do you see its prospects as a recovery currency?
I ask partly as the Merk Hard Currency Fund has the major portion of its portfolio in the Euro - it sees the Eurozone as being less inflation-prone because of their more conservative approach to stimulus.
With very many thanks again,
John
Thanks so much for your prompt response re Yen as refuge currency in event of another deleveraging/markets crisis.
I'm operating a portfolio of Norwegian Krone. Hence my queries about its continuing viability, and how it might fare in such a crisis.
If you have the time your views would be hugely appreciated.
John
Many thanks,
John