Re:The euro has tumbled near parity to the US dollar
by implr on Monday July 11, 2022 @04:29PM
(#32061368)
Until recently the Swiss National Bank was mostly concerned with pushing the franc down, they had the lowest rates in Europe (and after the recent raise they're still negative at -0.25%), after many years of this they've accumulated over a trillion USD in foreign reserves. Trading in the other direction and keeping CHF up should be fairly easy for them.
[ Parent
| on HN ]
There are no comments on this comment yet.