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Commentary

Fretting Over Currencies?

If you're following a long-term investing plan, no need to worry.

If a relative, neighbor, or colleague asked me how to manage currency, I would tell her the same thing--don't bother.

Currency moves can be maddeningly random, reflecting the cold-blooded efficiency of the global foreign-exchange market. Without a real edge, most currency investors, including the vast majority of professionals, are likely to flounder.