Final answer:
Foreign currency speculators face political, market, and exchange rate risks, but not reinvestment risks. The answer is option C.
Step-by-step explanation:
Speculators in foreign currencies would be subject to all of the following risks EXCEPT reinvestment risk.
Foreign currency speculators face various types of risks including political risk, which includes changes in government policies or instability that could affect currency values; market risk, which encompasses the potential changes in the market that could influence currency prices negatively; and exchange rate risk, which refers to the fluctuations in the currency exchange rates that can lead to potential losses.
However, they are not typically concerned with reinvestment risk, which is related to the risk that the returns from an investment may not have the same potential rate of return when reinvested.