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Wednesday, September 7, 2011

picasaweb.google.com/rayloke1: Swiss Franc Peg - Swiss Central Bank Move 'Huge Mi...

picasaweb.google.com/rayloke1: Swiss Franc Peg - Swiss Central Bank Move 'Huge Mi...: Swiss Franc Peg - Swiss Central Bank Move 'Huge Mistake': Jim Rogers - CNBC
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  1. RAYLOKESeptember 7, 2011 at 5:51 PM

    PROBABLY a hugh mistake, but ''possibly'' a master-stroke in the art of innovative moves, apparently through REFORMATING ITS OWN MOULD, OBLIVIOUSLY. ...On Tuesday, the Swiss National Bank set a minimum exchange rate of 1.20 Swiss francs for the euro, pledging to buy other currencies in unlimited amounts to defend the target.

    Analysts said this was an endurance contest by which the SNB wanted to take the shine off the Swiss franc's safe haven status, in a move that roiled markets.

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