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Who's Driving The Mysterious Swiss Franc Slump?
The last couple of weeks have seen something mysterious occur in the Swiss Franc, Amid all the chaotic economic, geopolitical, and military machinations - that have sparked a bid for gold and bonds - the Swissy, a traditional safe-haven currency, has weakened notably. In fact the weakness has been going on since Davos in February... So who is selling swiss francs? Bloomberg ventures to suggest nervous Russian Tycoons may be driving the swissy selloff. “The Swiss franc is driven predominantly by capital flows for now and Russia sanctions included Swiss companies where Russians are invested,” said Manuel Oliveri, a ... (full story)
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