Showing posts with label crushed. Show all posts
Showing posts with label crushed. Show all posts
Monday, August 21, 2017
Thursday, January 15, 2015
"It's Carnage" - Swiss Franc Soars Most Ever After SNB Abandons EURCHF Floor; Macro Hedge Funds Crushed
There are many counterintuitive cross-currents due to the Swiss National Bank removing the peg between the Swiss Franc and the Euro, but one unintended consequence is prices of precious metals soared--at least when priced in USDollars. In stark contrast, the price of gold--when priced in USDollars--plummeted due to the violent appreciation of the Swiss Franc.
The currency wars continue to wreak havoc on forex speculators and global financial systems, with far-reaching implications for the average consumer.
http://www.zerohedge.com/news/2015-01-15/its-tsunami-swiss-franc-soars-most-ever-after-snb-abandons-eurchf-floor-macro-hedge-
The currency wars continue to wreak havoc on forex speculators and global financial systems, with far-reaching implications for the average consumer.
http://www.zerohedge.com/news/2015-01-15/its-tsunami-swiss-franc-soars-most-ever-after-snb-abandons-eurchf-floor-macro-hedge-
Labels:
Abandons,
carnage,
crushed,
EURCHF Floor; Macro Hedge Funds,
SNB,
Soars,
swiss franc
Friday, September 13, 2013
Wednesday, March 20, 2013
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