Will SNB Intervene Again? Is the EUR/CHF New Floor Really 1.25?
December 14, 2011
As Euro continues to be the eye sore nowadays, what is SNB going to do? Their shocking move by intervening the markets which sent USD/CHF from 0.78 to 0.86 and EUR/CHF from 1.09 to 1.20 on September 6th, 2011 is still fresh in memories.
Now, rumor has it that SNB’s new floor for EUR/CHF will be 1.25. How are they going to do it while Euro continues to fall?
Maybe, and just maybe, on 12/24, when everyone’s away from the markets and enjoying the holidays with families, they unexpectedly intervene and push EUR/CHF easily through 1.25 or even higher.
Oh wait. 12/24 is a Saturday. 12/23 then.
via WORLD FOREX:Euro Falls Below $1.30; Focus On SNB – WSJ.com.
