Whatever one thinks of the floated ECB bond purchase plan, it has lit a fire under euro/Swiss...

|By:, SA News Editor

Whatever one thinks of the floated ECB bond purchase plan, it has lit a fire under euro/Swiss franc, the cross rocketing 15 pips to CHF 1.2025 (this has more or less flatlined for months at 1.2010, so 15 pips = rocket). This crisis will have truly passed when this pair moves and remains substantially higher.