Market Currents
EMU troubles may soon put the SNB and its 1.20 euro/franc floor to the test, the cross sinking...
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Wednesday, May 9, 2012, 9:32 AM ETEMU troubles may soon put the SNB and its 1.20 euro/franc floor to the test, the cross sinking as low as 1.2003 several times today. The floor has thus far been maintained with very little intervention by the central bank. A true rush of money into francs, however, would force the SNB to make good on its promise of printing "unlimited" amounts of currency.
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