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View Full Version : Swiss National Bank Pledges Unlimited Currency Purchases - Bloomberg



NewsWhore
09-06-2011, 06:12 AM
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Swiss National Bank Pledges Unlimited Currency Purchases (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEilAbsxkpxr_Dv13a-VExmlKGJ5A&url=http://www.bloomberg.com/news/2011-09-06/swiss-national-bank-sets-minimum-exchange-rate-of-1-20-against-the-euro.html)
Bloomberg
“With immediate effect, it will no longer tolerate a euro-franc exchange rate below the minimum rate of 1.20 francs” and “is prepared to buy foreign currency in unlimited quantities.” The franc has surged to records against the euro and the dollar, ...

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