SNB sets exchange rate target @ 1.2 francs per Euro, enforce by buying unlimited foreign currency; CHF drops 6.5%.
European markets are up 0.5 to 1%.
If you enjoy the content at iBankCoin, please follow us on Twitter
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
what party?
some peg it too a 16th or if desperate less. still confused. if pegged too just one hit. or rail. does it still mean the same?
it’s not actually a peg, Cronkers. They set a floor but not a ceiling so it really isn’t a peg as such.
I you have balls you would borrow in swiss and lend in Euro as they have unlimited amount of Swiss.