Markets have come to expect that Wednesday mornings are when the Swiss National Bank will make its intentions known. Well, Wednesday morning has come and gone in Switzerland and most of Europe, and the Swiss central bank did nothing – no announcement, no threat, no intervention. And with the SNB caught napping, investors took the opportunity to move back into the safe haven currency which has resumed its rise against the U.S. Dollar and the Euro. With relentless abandon, the Swiss Franc has rallied up from a 5-week low against the U.S. Dollar. The news is worse when paired against the Euro. So far this year, the ... (full story)