Swiss Gov. may start to work on intervention plan some day next week. Instead there is a rumour that the SNB thinks of setting up a Sovereign Wealth Fund worth CHF100bln.
Interesting idea...
Regards,
London Trader
Interesting idea...
Regards,
London Trader
DislikedYa that didnt work too well last time they had direct intervention defending the 1.2500
market caught on very quickly and Hildenbrand just used up his forex reserves rather needlessly flinging free money into the outstretched arms of us greedy speculatorsIgnored
Discomfort and profit often stand side by side