Rumor on possible tax on CHF deposits that invoked the spike..... Wow - first time I hear about such an intervention.
Common Swiss interventions are Negative interest rates, floor peg, selling massive amounts of CHF & lots of rumor injection into the market.
I think this is possibly some panic button being pressed somewhere......
Let's wait & see. I'm trailing stop 5-15pips @ 1.2035 now...
Common Swiss interventions are Negative interest rates, floor peg, selling massive amounts of CHF & lots of rumor injection into the market.
I think this is possibly some panic button being pressed somewhere......
Let's wait & see. I'm trailing stop 5-15pips @ 1.2035 now...