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Iceland heats up
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CT-August 2008-1
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Live by the volatility sword, die by the volatility sword. After a big down move this year, some see bluer skies in the kronas future.
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Detailed Description
Who would have thought that a tiny island nation with a population of just more than 300,000 could spark ripples in the financial world? But Iceland has nonetheless exerted a disproportionately large force in the global market, thanks to its currencys role in the vaunted carry trade.
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