At least the Swiss told the world it was devaluing its currency. Others have been doing the same but keeping quiet about it. Just look at a chart of the Yen/USD for last month and you see that the Yen weakened steadily from around 88 to the dollar to over 98 to the dollar.
That's over 11% depreciation in just over 30 days; the Swiss haven't topped that - yet....
Sell the Franc, Buy Gold [View article]
That's over 11% depreciation in just over 30 days; the Swiss haven't topped that - yet....