Last time, Swiss Franc appreciated 41% in a matter of minutes and bankrupted many big firms and big investors. This happened in January when the Swiss National Bank made the surprise decision of unpegging the Swiss Franc from EURO. A few weeks back, Swiss National Bank (SNB) had issued a public statement that it would… Continue reading Swiss National Bank Warns That Swiss Franc Can Get Strong Again
Tag: snb
Swiss National Bank Shocks The Currency Market Bankrupts Many Forex Brokers
Swiss National Bank to unpeg Swiss franc from euro was so sudden that it shocked the currency market. USDCHF fell 1867 pips in just 1 day. EURCHF made history by falling 2967 pips in just 1 day. Many traders who were trading CHF pairs lost heavily as a sudden and huge gap appeared that bypassed… Continue reading Swiss National Bank Shocks The Currency Market Bankrupts Many Forex Brokers