Swiss National Bank defends the franc

www.euronews.com The Swiss National Bank reasserted its commitment to holding down the value of the franc ahead of fears the election in Greece could drive another flood of money from the eurozone into the safe-haven franc. The central bank said it was determined to defend a cap of 1.20 per euro. In a statement the SNB fired out a warning saying it stands ready to take measures at any time, though it failed to give details of what those measures could be. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com
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This video helps us understand the Swiss economy and the Switzerland’s Central Bank and how we can use this information to our advantage when we trade in the forex market.

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4 Responses to “Swiss National Bank defends the franc” Subscribe

  1. skwuim December 29, 2012 at 1:08 pm #

    The Euro sucks. Bring back the national currencies! At least they are controlled through democratic and safe ways.

  2. straty01 December 29, 2012 at 1:56 pm #

    I ask all of you to look at a weekly chart of the euro/chf cross, this ‘game’ is so unabashedly rigged.

    JP Morgan and co short the precious metals to keep prices down and nobody even knows where the Fed’s money goes, its all inter-linked, its a game of musical chairs, unfortunately the music player is running out of songs and the DJ’s are stuck in a paradigm of playing the same music over and over

  3. DiNatalli December 29, 2012 at 2:32 pm #

    Franks are prettier then Euros.

  4. J Haller December 29, 2012 at 3:09 pm #

    umm… how are they poking their nose in to EU business? If anything its the other way around.

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