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Can Global Macro Bounce Back?

Volatility is returning to global markets with a vengeance — and market watchers say macro managers may be poised to profit for the first time in years.

       Photograph by Fredrik Broden On January 15 the Swiss National Bank unexpectedly lifted a three-year cap that had been keeping the Swiss franc from trading above 1.20 against the euro. The abrupt about-face sent the franc surging by some 40 percent against the euro by the end of the next day

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