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Jordan: Won't tolerate test of Swiss franc ceiling

By: Decomposed in ROUND | Recommend this post (0)
Tue, 07 Feb 12 10:29 PM | 53 view(s)
Boardmark this board | De's Test Board

Msg. 38732 of 45651
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Feb. 7, 2012, 6:40 a.m. EST

Jordan: Won't tolerate test of Swiss franc ceiling

By William L. Watts

FRANKFURT (MarketWatch) -- The interim head of the Swiss National Bank reiterated a warning Tuesday that the cental bank will intervene heavily at any time if needed to defend a cap on the value of the Swiss franc versus the euro.
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"To enforce this policy, we are prepared to buy foreign currency in unlimited quantities if necessary," he said.
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Full story: http://www.marketwatch.com/story/jordan-wont-tolerate-test-of-swiss-franc-ceiling-2012-02-07

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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