"If you haven’t seen the news, the Swiss National Bank has just announced that it is putting a ceiling on the franc’s appreciation against the euro… On the news, the franc fell off a cliff, dropping almost 10% INSTANTLY."
Tuesday, September 6, 2011
Swiss National Bank Devalues, Pegs Its Currency
"If you haven’t seen the news, the Swiss National Bank has just announced that it is putting a ceiling on the franc’s appreciation against the euro… On the news, the franc fell off a cliff, dropping almost 10% INSTANTLY."
