Now high inflation willl probably cause ..... stagflation ...
minrax
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DislikedWell, SNB had the same problem in 1978 or 1977...
They were desperate to fight for their swiss franc in 1978 and they succeed by enormous costs.
Just go to google search and type Swiss National Bank 1978 or something similar and you'll find loads of articles about it...
I don't give a sht, just go trading other currencies instead ;-)))
I'll get back to CHF after everything...Ignored
DislikedYes, They can print money. With their strong CHF they can buy unlimited supply of paper and ink and print money. They will hire more people and reduce unemployment.
Question is, what next? They will buy unlimited amount of USD, EUR, ... and what next?
The best solutions for Swiss is announcement for eurozoneIgnored
DislikedSNB set a minimum exchange rate of 1.20, but not peg it. So, it still have a potential to go lower than 1.20 if SNB is no longer able to buy other currencies.
My other curiosity is why SNB only targeting EUR, and not USD, GBP, JPY, or other currencies pairs?
cheersIgnored
DislikedI think that's because their primary export countries are those EU countries.
Similar like Canadian government pays most attention on the exchange rate for USD/CAD and they care little about if Canadian dollars appreciate much on the other currencies (cause around 75% of Canadian goods export to US).Ignored
DislikedLet me all give you an advice: do not sell this pair. Buy on pullback. The worst thing that can happen to eurchf is side ranging. When selling it now you have SNB against you.Ignored
DislikedLet me all give you an advice: do not sell this pair. Buy on pullback. The worst thing that can happen to eurchf is side ranging. When selling it now you have SNB against you.Ignored
Dislikedalso , after eur-chf 1.20 fixation , chf pairs are correlated with eur in a sense ?
gbp/chf is looking like related with eur/usd ? and correlated with eur/gbp ?
regards.Ignored