The value of equities internationally fell whereas the US dollar strengthened (see Fig.1). This happened regardless of the robust focus of the disaster in the US. Currency speculation is considered a extremely suspect exercise in many nations.[where? For example, in 1992, forex hypothesis forced Sweden’s central bank, the Riksbank, to boost rates of interest for a quantity of days to 500% per annum, and later to devalue the krona. Mahathir Mohamad, one of many former Prime Ministers of Malaysia, is one well-known proponent of this view.
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