"Pegs Can't Fly," is Citi's Steven Englander's response to today's moves by the Swiss to devalue...

|By:, SA News Editor

"Pegs Can't Fly," is Citi's Steven Englander's response to today's moves by the Swiss to devalue their currency. "The SNB is still reluctant to intervene in the FX spot market and that investors expecting such measures ... could be disappointed." While the Swiss may have halted the franc's rise, actually weakening the currency is a different story.