Why was EUR/CHF idle for 2012? | Forex Factory

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Why was EUR/CHF idle for 2012?

  • #1
  • First Post: May 29, 2013 9:14am May 29, 2013 9:14am
Just curious why the price movement died off for the entire 2012 year for this currency pair? I just started looking at more currency pairs and happened to see this. Price action for 2011 looks normal and so far the entire 2013 year seems to be trading in a good range, unlike the 2012 year. Any replies would be nice to hear.
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  • #2
  • May 29, 2013 9:24am May 29, 2013 9:24am
As i know Swiss Central Bank fixed CHF price with EUR in that period @ 1.20
  • #3
  • May 29, 2013 10:32pm May 29, 2013 10:32pm
Quoting Almondeyed
As i know Swiss Central Bank fixed CHF price with EUR in that period @ 1.20
You are correct Almond! Here is a good article explaining the reason. http://www.dailyforex.com/forex-tech...is-Stuck/15621
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  • #4
  • Last Post: Jun 4, 2013 9:01am Jun 4, 2013 9:01am
Because the good folks over at the SNB were sitting on the BID at 1.2000, they did this because the whole world and its mother were buying Swiss Francs due to the Armageddon type thinking that was predominant during 2011. This flow into Swiss Francs sent the pair "exuberantly" high which is a threat to the Swiss Economy.
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