Swiss Franc Can't Stop Climbing
The Swiss franc rocketed higher this morning, much to the chagrin of the Swiss National Bank. The Swiss central bank is doing all it can to prevent the currency from strengthening, and that's the problem. In the long run, there just isn't much they can do about it.
The short run presents a different story. Over the past few weeks, the SNB has succeeded in creating a temporary pullback in the currency, mostly through jawboning. A series of public statements convinced traders, at least temporarily, that the SNB has the situation under control....508 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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