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From 2009 to 2011, the economies of Australia and Switzerland suffered relatively mild effects from the global financial crisis. At the same time, many countries

From 2009 to 2011, the economies of Australia and Switzerland suffered relatively mild effects from the global financial crisis. At the same time, many countries in the euro area were hit hard with high unemployment and burdened with unsustainably high government debts. How should this affect the euro/Swiss franc and euro/Australian dollar exchange rates?

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