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Crazy price falls in an instant as the SNB decides to remove the CHF cap at 1.2000 and cut interest rates further
EURCHF posts lows of 0.9270.. yes 0.9270 as the world and him mum bails out
USDCHF also collapses to 0.8400 down 12% and dragging EURUSD down to 1.1575 before recovering
EURGBP down to 0.7678 from 0.7725
The talk was all about the SNB having to defend the cap.. Now that question no longer needs to be asked
The danger of relying on them to bail out EUR longs has been discussed on these pages for a long time now
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