Betting Against Brazil's Real
A couple of weeks ago, I wrote about selling the supersized Swiss franc. Since then, the currency has plummeted 9.1% and more than 18% since it peaked against the U.S. dollar Aug. 9. With the Swiss National Bank's decision to cap the franc's exchange rate to the euro, Goldman Sachs (GS) economist Jim O'Neill has said that there is a chance that it will fall back to parity with the dollar before the end of the year.
That would be another 10% gain in a short position in the CurrencyShares Swiss Franc Trust (FXF)...679 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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