DislikedThis is what happens when the "free" market ceases to exist. I think we're seeing the end of the currency markets as we have known them, You can bet your life that every central bank in the world that has a problem similar to what the Swiss were faced with is taking a hard look at what just happened. CB's are going to dictate currency prices, the market be damned. The EURCHF floor has been a resounding success. Throw in negative interest rates and you've accomplished what you set out to do. Correlations work in an unfettered market. This...Ignored
It works till it doesn't