The fallout from Switzerland's currency shocker

In the short term there are going to be winners and losers among traders, banks and hedge funds, but the move could have a much bigger impact down the line.

The Conversation

In one of the most remarkable days in the foreign exchange market for at least 20 years, the Swiss franc rose by an astonishing 30 per cent against the euro in a mere five minutes. This is as a result of the announcement of the Swiss National Bank that it was ending its policy of pegging its franc to the euro at a minimum rate of 1.20 Swiss francs per euro.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles