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Series: Thoughts on the Swiss Franc Crisis-- Causes

Series: Thoughts on the Swiss Franc Crisis-- Causes

5 Years ago | January 20, 2015 00:00:00

I have been active continuously in many facets of Foreign Exchange since the early 1970’s and feel the need to correct some of the nonsense I have been hearing from the talking heads on TV and to provide a little risk management advice to retail forex traders.

First of all this tsunami was not created by retail or interbank dealers, it was caused by a major imbalance in the CHF to EUR value created by a disastrous decision by the SNB. The SNB had become worried several years ago by the deflationary impact on the Swiss economy of an overvalued (and rising) currency against its major trading

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