So much for free-market thinking in Switzerland. The country’s decision to limit the appreciation of the franc against the euro was certainly a game-changer.
Although, I’m sure global hedge funds will mint huge profits by exploiting the artificial construct. Hey, over the past couple decades, investors like George Soros have made instant billions by making big currency bets.
Investors are also scrambling to rethink the “safe haven” trade. To this end, the dollar remains attractive, as well as the yen and even the euro. Although, I think the Chinese yuan will also get a boost. Read More at Forbes
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