Long Swiss franc players hit by SNB move

kevin-rodgers-deutsche-2009

A number of hedge funds, commodity trading advisers and private investors have been burnt by the sudden depreciation in the Swiss franc, following the currency floor imposed by the Swiss National Bank (SNB) last Tuesday.

On September 6, the SNB put out a strongly worded statement announcing a minimum exchange rate for the Swiss franc, declaring it would no longer tolerate a €/Sfr exchange rate below 1.20.

“The SNB will enforce this minimum rate with the utmost determination and is prepared to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Smarter trading in a fragmented world

FX Week recently hosted a webinar in partnership with Refinitiv to ask foreign exchange industry leaders to discuss geopolitical challenges, market changes and developments, and evolving technologies, and how they have shaped forex markets in Asia

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: