For the time being it seems that the Swiss authorities have prevailed. The Swiss Franc has lost 1800 points, or 25 percent of its value against the United States dollar since mid-August. Most of the losses came in the midst of actions taken by authorities, other loses were incurred as traders began to reduce their long positions on the Swiss franc. The action that the Swiss authorities taken include the following three premises 1) Reducing the interest rates to 0.25 percent – By lowering the interest rates to the bare minimum, the Swiss National Bank has made it clear that the country is not planning on being a safe ... (full story)