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News Swiss Move Roils Global Markets

  1. Jan 15, 2015 #1
    A news report about the NZ based dealer going out of business is available - http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11387361
  2. jcsd
  3. Jan 16, 2015 #2


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    The Swiss Franc is the sixth most-traded currency on the planet, and it exploded in value this morning by 15 percent.

    Swiss franc jumps 30 percent after Swiss National Bank dumps euro ceiling
    (Reuters) - Switzerland's franc soared by almost 30 percent in value against the euro on Thursday after the Swiss National Bank abandoned its three-year old cap at 1.20 francs per euro.

    Apparently the Swiss government printed about 500 billion francs in 2011- and when the Euro gets in trouble, people buy Swiss francs.

    It's nice to be wanted.
  4. Jan 16, 2015 #3

    Vanadium 50

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    People call the CHF the "Euro without Greece".
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