Swiss roll the dice on economic future
The sudden move by the Swiss central bank caused panic on currency markets last week. It also damaged the bank’s credibility and is likely to hurt the economy it’s trying to protect
Currency trading is not for the faint hearted even at the best of times. At the end of last week, most currency traders are probably a year closer to their first heart attack. Switzerland’s Central Bank removed the currency ceiling against the euro it instituted during the euro crisis and cut its base interest rate to ...
