Swissy Surges After SNB Signals “Intervention” Needed

The Swiss Franc is surging this morning against the dollar and euro following comments by the SNB President on FX intervention. Notably Jordan’s comments come as EURCHF nears its pre-peg-break “carnage” levels.

Swiss National Bank President Thomas Jordan says interventions needed for adequate monetary conditions, according to interview with CNBC… and that sparked a plunge in EURCHF (Swiss strength)…

So what next for the Euro and the Franc?

How long before China does the same?

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