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Woodshedder
Joined Nov 11, 2007
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Currency Intervention in The Franc and the Yen is Also Killing Profits

CRONKITE Thu Aug 4, 2011 7:44am EST Comments Off on Currency Intervention in The Franc and the Yen is Also Killing Profits

The Swiss France has risen 42% since 2008. Exports accounts for half of Switzerland’s GDP and with currency intervention companies are getting killed.

How long can this go on ? The Swiss has a current account surplus making it a well sought after safe haven for stressed money.

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