From the Stage2Omega e-mail newsletter:
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Switzerland Stuns Markets by Giving up on Currency Peg
By dt on Jan 15, 2015 12:03 pm
LONDON — Jan 15, 2015, 9:36 AM ET Bowing to the inevitable, Switzerland has ditched an increasingly expensive policy to limit the export-sapping rise of the Swiss franc — a decision that propelled the currency a whopping 30 percent higher against the euro within minutes. Thursday’s decision by the Swiss National Bank, or SNB, to [...] http://www.stage2omega.com/switzerland-stuns-markets-by-giving-up-on-currency-peg/
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