16.01.2015 - Swissie Could Induce Commodities ETF Countertrend, but Tread Carefully
The Swiss National Bank rattled global financial markets Thursday with its announcement that it is scrapping the franc’s euro peg, news that sent the CurrencyShares Swiss Franc Trust and scores of other well-known ETFs surging. EUR/CHF is down 13.3% to 1.0410 and is flirting with parity, a once incomprehensible thought to forex market observers. The franc’s Thursday surge is having a wide-ranging impact across the ETF spectrum, particularly in the commodities space...............................................Full Article: Source
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