Triantus Shango
Sergeant Major
- Messages
- 1,371
guys, you should read this: Is The SNB Going To Unpeg The EUR/CHF? - Seeking Alpha
also, forgot to mention, i keep reading that because of the peg, the SNB has been buying 100s of billions of euros, thus totally messing with its reserve ratios, which means that when the SNB adjusts its reserve ratios, it will have 100s of billions of euros to sell or exchange for other currencies such the AUD or USD, or JPY, etc... you get the picture.
so of course, it's not gonna happen overnight, but if the SNB continuously is selling a couple of billions (or yards as they say in the industry) that should make ambitious topside targets difficult to reach.
sive, what do you think? how should we interpret this kind of situation going forward the next 6 months?
not to mention that DEC 2012 is getting closer too... maybe everything will actually fall apart and money will become meaningless after that ;-) but that's another story
also, forgot to mention, i keep reading that because of the peg, the SNB has been buying 100s of billions of euros, thus totally messing with its reserve ratios, which means that when the SNB adjusts its reserve ratios, it will have 100s of billions of euros to sell or exchange for other currencies such the AUD or USD, or JPY, etc... you get the picture.
so of course, it's not gonna happen overnight, but if the SNB continuously is selling a couple of billions (or yards as they say in the industry) that should make ambitious topside targets difficult to reach.
sive, what do you think? how should we interpret this kind of situation going forward the next 6 months?
not to mention that DEC 2012 is getting closer too... maybe everything will actually fall apart and money will become meaningless after that ;-) but that's another story