Trump Justice Dept. Closed Investigation Into Tom Homan for Accepting Bag
of Cash
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Mr. Homan came under scrutiny after he was said to be recorded last year
taking $50,000 in cash from undercover F.B.I. agents.
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"With immediate effect, it will no longer tolerate a EUR/CHF exchange rate below the minimum rate of CHF 1.20," it said. "The SNB will enforce this minimum rate with the utmost determination and is prepared to buy foreign currency in unlimited quantities."
ReplyDelete"It needs to be aggressive to turn the tide for the Swissie and to take the shine off its safe haven status. So, this is an endurance contest whereby the SNB needs to fight hard against a market that could soon test its resolve," Paul Mackel, senior FX strategist and head of Asian currency research at HSBC, wrote in a note.