Submitted by George Dorgan
SNB buys Swiss Francs and sells Euro: Welcome to the EUR/CHF peg
Why the big Q1 loss of the SNB was actually a big win for the central bank
Anybody watching the EUR/CHF exchange rate this year was wondering why the volatility the pair saw last year had completely left. The pair slowly fell from 1.2156 over 1.2040 at the end of Q1 to 1.2014 today. FX traders hoped on a hike of the floor from 1.20 to 1.25, as many Swiss politicians and companies
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