Mark Wadsworth: Swiss Frank, the post mortem.

Monday, 19 September 2011

Here's what the chart for CHF against a basket of currencies looked like on 28 August, when I said it was getting silly:Here's what happened since:

Antisthenes said...: Yes that what did for the latest rogue trader. I have a sneaking suspicion that was just an excuse and the money is actually sitting in a Nigerian bank awaiting his release.; 19 September 2011 at 09:21
Robert Edwards said...: I think you mean Swiss Franc. Swiss Frank is a cabbie in Zurich.

It's always going to be subject to panic attacks, the more so with the advent of the egregious Euro.; 19 September 2011 at 10:22
Mark Wadsworth said...: A, is that the story they are putting out? Do you really think that the Swiss National Bank would do such a massive intervention without tipping off its own banks first? Don't forget that CHF dipped quite considerably a week or so before the intervention.

RE, I'm half-German, so it's "Frank" with a "k" and "Basel" not "Basle" as far as I am concerned.; 19 September 2011 at 10:25
Old BE said...: Deutschmark Wadsworth?; 19 September 2011 at 11:56
Mark Wadsworth said...: BE, the very same :-); 19 September 2011 at 11:57

Monday, 19 September 2011