Tag Archive: SNB sight deposits

SNB buys Swiss Francs and sells Euro: Welcome to the EUR/CHF peg

Why the big Q1 loss of the SNB was actually a big win for the central bank Anybody watching the EUR/CHF exchange rate this year was wondering why the volatility the pair saw last year had completely left. The pair slowly fell from 1.2156 over 1.2040 at the end of Q1 to 1.2014 today. FX … Continue reading...

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EUR/CHF: A History of Interventions: August 2011: the Top

  EUR/CHF Kicked Lower Again Hitting a new low this week of  1.1545 and is  down over 300 pips on the day. The moved largely initiated by a major swiss name earlier apparently in conjunction with a hedge fund. Comments from the Swiss Econ Min over the last hour hardly helping matters, after the govt aid package … Continue reading »

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