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Chapter 111 Sweden falls (2)
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... so made a lot of money from two option contracts.
Since October, the Swiss franc has been frustrated by the entire European currency crisis and has been falling all the way. On November 6, it fell below the 0.7 mark. In this case, in order to maintain the currency value of the Swiss franc, the Swiss National Bank (executing the functions of the central bank) had to sell in the foreign exchange market and began to buy the Swiss franc.
Unlike other European countries, the Swiss gover ...
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