Swiss Franc - What Happened? (Bilingual)

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What Happened? On January 15 2015 the Central bank of Switzerland abandoned its cap on CHF/EUR conversion which was at SFr 1.2 to the Euro. The abr.....

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What Happened?

On January 15 2015 the Central bank of Switzerland abandoned its cap on CHF/EUR conversion which was at SFr 1.2 to the Euro. The abrupt removal of the cap sent the Swiss franc up 30% in an unprecedented swing among ‘reserve’ currencies. The shock could be felt in the swiss stock exchange where the SMI fell 8.7% on back of the news while Euro Fell to a decade low against the US dollar to EUR/USD  1.15, While gold closed at 1279 $/Oz 4% weekly gain.

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Swiss Franc - What Happened? (Bilingual)

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