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Subject:  Re: Euro savings? Date:  11/18/2004  8:58 AM
Author:  activeREinvestor Number:  11206 of 36767

It is not that hard to open an account with a non-US bank and pick a currency.

Are you trying to speculate on the currency movement or just looking for higher returns (interest rates being higher in some locations such as the UK)?

If you are actually speculating then you might want to use a different investment (futures contract or similar). Something that is more a pure investment in the FX movement and less overhead then managing a foreign savings account.

BTW - If you liabilities and future goals are all denominated in USD then the up or down movement does not impact you. Hence you assets and liabilities drop or rise at the same time and you remain relatively the same. So, other then extra returns (or losses) what is the motivation?


PS. I live in more then one place so commonly move across USD, Sterling and Euro.

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