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Posts Tagged ‘CHF’

Swiss SNB cancels EUR floor – Euro drops!

Euro_crackingIt was a hefty reaction today at the stock echanges worldwide and
even currency exchange markets had a big shock when the Swiss
National Bank declared to drop the Euro floor. From the magic
1.20 CHF line, the Euro noted at lowermost 0.82 CHF.

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January 15, 2015Netspark No Comments »
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FILED UNDER :Curiosities , Economy&Finance , News
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Economy… And what’s strange!

Well… It’s now September 1st and where the Euro was about
1.19 CHF just two days ago, it is now 1.1375 CHF again! I don’t
get it! Why do currencies undergo such extremely high tolerances?
5 cents within 2 days is quite a lot and where happiness was…

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September 1, 2011Netspark No Comments »
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FILED UNDER :Curiosities , News , Thoughts
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An epic novel: Finance Crisis 2011

Not that I am very pessimistic but on Tuesday the economic situation was already
pretty grim. But with the start into the weekend, things look worse as expected.
The Swiss Federal Bank’s intervention did not do much to weaken the Swiss franc
and other currencies seem to suffer from strange hickups, too…

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August 6, 2011Netspark No Comments »
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FILED UNDER :Economy&Finance , News , Thoughts
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