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SNB Moves in to Weaken the CHF
Risk is clearing off across the board. Asian equity indices follow the US market lower as the Nikkei fell -2.10%. Europe seemed happy to follow as well with the FTSE comfortably down -0.98 as commodities (baring the safe-haven precious metals) take a hit. EURUSD was down to 1.4144 before the SNB decision to begin QE in an attempt to weaken the CHF. CHF was the big mover dropping to 1.11057 and... ...More...
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