Swiss Franc Tumbles Then Soars, On Suspected Failed SNB Intervention
January 27, 2015 at 08:15 AM EST
Danthine - the same guy who said the EURCHF floor is the bedrock of SNB policy two days before the SNB eliminated it - said that "the SNB remains ready to intervene on foreign exchange markets" that this happened: a dramatic, 250 pips surge in the EURCHF starting at 3 am Eastern.
