FXstreet.com (Barcelona) - The market seems convinced to test the SNB’s resolve once and again as the Swiss central bank has done nothing but increased its rhetoric about defending the floor and that it is ready to buy unlimited amounts of foreign reserves for that purpose. Recall that last Thursday the floor was breached, hitting 1.1990 for a few seconds, although the SNB soon after declared it was due to technicalities.
The Swiss Federal Council will likely name T.Jordan as the new President of the SNB in one of the weekly meetings in the near term. Speculations are circling the next steps of the monetary authority in order to weaken the Swiss franc, including rising the floor, capital controls or a form of capital tax, although the last two options need to be decided by the government.
The Swiss Federal Council will likely name T.Jordan as the new President of the SNB in one of the weekly meetings in the near term. Speculations are circling the next steps of the monetary authority in order to weaken the Swiss franc, including rising the floor, capital controls or a form of capital tax, although the last two options need to be decided by the government.
. Time for all short to be happy for 1 minute. "Then, I will raise the peg to 1.60"...and nobody will be happy, except swiss people 
