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Bilifuduo (98.41)

The Swiss National Bank Is Extremely Stubborn

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June 14, 2012 – Comments (1) | RELATED TICKERS: FXF , EUO , FXE

 

The Swiss National Bank just released a press release affirming that it will reinforce the 1.20 CHF per euro floor with the utmost determination. The SNB "will not tolerate" an appreciation of the Swiss Franc and "remains prepared to buy foreign currency in unlimited quantities for this purpose." Leave it up to the Swiss to make currency manipulation sound like defending the Alamo.

 For more on the Swiss Franc, click here.  

 

1 Comments – Post Your Own

#1) On June 14, 2012 at 11:37 AM, JaysRage (88.57) wrote:

Nonsense.   The Swiss Franc is a stable currency that things should be compared against as a baseline of commodity bubbles, especially gold.   There is no debasement of the Swiss Franc.   Just ask TMFAleph1

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