On Thursday morning, the Swiss National Bank (SNB) surprised the world by abandoning its managed Swiss franc floor against the euro. The SNB said as recently as Monday that it remained committed to the 1.20 minimum EUR/CHF rate, a floor that it has maintained for three years.
On Thursday morning, the Swiss National Bank (SNB) surprised the world by abandoning its managed Swiss franc floor against the euro. The SNB said as recently as Monday that it remained committed to the 1.20 minimum EUR/CHF rate, a floor that it has maintained for three years.
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