Please read:
http://www.forexlive.com/blog/2012/0...g-asian-trade/
They are talking about that 1.2000 isn't meant to be a "never pass the line" and SNB may let the stops run in case of too much pressure and will reestablish the peg later (they are citing this from a Swiss bank source).
Maybe we are all wrong and SNB really don't care about credibility.
A few more of these headlines and the whole world goes short
http://www.forexlive.com/blog/2012/0...g-asian-trade/
They are talking about that 1.2000 isn't meant to be a "never pass the line" and SNB may let the stops run in case of too much pressure and will reestablish the peg later (they are citing this from a Swiss bank source).
Maybe we are all wrong and SNB really don't care about credibility.
A few more of these headlines and the whole world goes short