Swiss Franc cap lifted

Society Pakistan & World Affairs
1

On Thursday the Swiss Central bank lifted the 1.20 Francs to a Euro cap , with the Franc rising to 0.87 Francs to a Euro before settling down at 1.05 at days end. In last couple of days the Franc is 21 to 23 pct higher wrt the us dollar and euro.

Lots of individual “investors” with leverage have been wiped out. The big banks have suffered huge losses.

To the economic and political pundits here - what would be the impact of this mega move on the European and global economy. And financial markets (the economy and markets need not move in sync)

Source WSJ Jan 16 - from memory.

2

If the Swiss really leave the euro, then the euro will suffer a lot. A lot of international monies is kept in switzerland, IYKWIM ;)

3

If the Swiss really leave the EU, then the euro will suffer a lot. A lot of international monies is kept in switzerland, IYKWIM ;)

4

Re: Swiss Franc cap lifted

A rare appearance from our financial expert.

Make that a double.

5

Re: Swiss Franc cap lifted

This Mega move will make your Swiss Choclate and all other Swiss Drugs more expensive............so Hershey Kisses will be more attractive :)

6

Re: Swiss Franc cap lifted

Yes. Swiss watchmakers are protesting this move.