| Last week’s shock intervention by the Swiss National Bank to reduce the value of the Swiss franc has left investors scrambling to find stable currencies elsewhere. The result is a rush into an exotic selection of foreign currencies ranging from the Czech koruna to the Canadian dollar.
When the Swiss franc was last week pegged at 1.20 against the euro by the Swiss National Bank, investors were quick to flee the ‘safe-haven’, which subsequently lost 10% of its value against the euro and 8% against the US dollar..............................................Full Article: Source
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