Re: FXCM, Brokerage Hit by Swiss Shock, Gets $300 Million From Jefferies Owner Leucad
In a way, switzerland is just like singapore in south east asia and hong kong in north east asia. Its a place where the rich dump their excess money.
The S$ has gone leaps and bounds from the rest of neighbouring currencies.
So now, maybe we have to look at hong Kong and whether its sustainable for them to peg to USD.
My thoughts