Swiss ‘Forced’ Into Chaotic Currency Cap Removal by Impending Eurozone QE

The Swiss franc has risen dramatically against the euro following the unexpected removal of the long-standing exchange-rate control by the Swiss National Bank (SNB). The cap – which was introduced in 2011 – was designed to prevent the Swiss currency from falling below 1.20 francs per euro in order to protect Swiss exporters. The announcement on…

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