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EUR/CHF Hits a Nearly 3-Year Low as SNB Intervention Odds Fall
“Don’t fight in the North or the South. Fight every battle everywhere, always, in your mind. Everyone is your enemy, everyone is your friend.” – Petyr Baelish, Game of Thrones As many of us recall, the ending of the HBO’s wildly popular Game of Thrones was panned for nonsensical plot points and dialogue, including Littlefinger’s bizarre comment above. Apparently, a similar “chaos is a ladder / fight every battle everywhere” philosophy pervades the US’s approach to currency manipulators as well. A day after the Trump Administration removed it’s “currency manipulator” label from China, it added ... (full story)