Sep 6, 2011

Swiss National Bank Action Pre-Empts Additional Inflows Into The Swiss Franc

Swiss National Bank (SNB) action pre-empts additional inflows into the swiss franc (CHF) from expected ECB policy easing and/or signal of easing bias this week.

SNB decision to prevent the CHF from appreciating is a massive unlimited QE operation as it requires unlimited unsterilized FX intervention. - in Roubini`s Official Twitter