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Home > Swiss Franc Is Tumbling, Retraces 60% Of SNB Move

Swiss Franc Is Tumbling, Retraces 60% Of SNB Move

By Tyler Durden
Created 02/18/2015 - 11:50
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 02/18/2015 11:50 -0500



 

Is the SNB buying Euros to keep the mirage alive that Grexit is "managable"?

 

EURCHF is up dramatically in the last 2 days...

[3]

 

...retracing 60% of the Swiss Franc's valuation surge against the USD...

[4]

 

It appears they are losing the battle...

[5]

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-02-18/swiss-franc-tumbling-retraces-60-snb-move

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/9230
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/02/20150218_swiss1.jpg
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/02/20150218_swiss.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/02/20150218_swiss2.jpg