The Swiss Experience
The Swiss National Bank has a history of direct intervention. For approximately three years up until January 15, 2015, the SNB’s principal objective was to keep the EURCHF exchange rate above 1.2000. On that date, the Swiss National Bank announced it was no longer actively keeping the Swiss Franc from appreciating further vs. the Euro. The market for the otherwise very liquid exchange rate ‘greyed out’ without a clear market value.
Now, we find once again the EURCHF exchange rate below 1.0500 – the zone where the pair traded back in 2015 after the policy collapse. Central bank members continue to voice a belief that the Franc is deviating from fundamentals, but the market pays little heed. The rub is that even if the SNB wanted to intervene, it would likely have limited effect against a much larger currency.
IPCOfficial_ Forbes JohnKicklighter IPCOfficial_ You are scammers, release our funds in Africaaaa We are humans, we trusted your company and you reject our withdrawals. Your app is no longer opening. Plss do not invest with this company, you will never get your money back
Forbes JohnKicklighter
Forbes JohnKicklighter Not here. 145-150 level is where us and boj jointly intervened to reverse jpy weakness.