bears be careful
Government intervene again, SNB pledges to buy Euro as much as they can
the exchange rate of euo/chf will no less than 1.2.
“With immediate effect, [the SNB] will no longer tolerate a EUR/CHF
exchange rate below the minimum rate of CHF 1.20. The SNB will enforce this
minimum rate with the utmost determination and is prepared to buy foreign
currency in unlimited quantities,” the SNB said.
so cool! "prepared to buy foreign currency in unlimited quantities"
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That will put the market back on "RISK ON" mode
So governements don't like the "RISK OFF" at all
