Portfolio manager Axel Merk tells Morningstar that the Federal Reserve may be squarely targeting a debasement of the U.S. dollar
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'…Policymakers are ever more engaged in the markets, which means asset classes are moving more and more in tandem. And that means that there is very few places to hide when there is a flight to quality, and currencies allow investors to manage those interventions and to find and design portfolios that have a low correlation to other assets.'
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