English Forum Switzerland - Swiss National Bank agrees to currency swap with People's Bank of China

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3Wishes

21.07.2014 20:55

Swiss National Bank agrees to currency swap with People's Bank of China

From the article:

"The Swiss National Bank and the People’s Bank of China agreed to establish a bilateral currency swap line, bolstering access to trade finance in the Swiss franc and strengthening the international use of the yuan."

Link: http://mobile.bloomberg.com/news/201...increases.html

fatmanfilms

21.07.2014 21:21

Re: Swiss National Bank agrees to currency swap with People's Bank of China

Quote:

Originally Posted by 3Wishes (Post 2202171)

I don't think selling CHF for Chinese currency is a trade I would want to do. :D

Phil_MCR

21.07.2014 22:04

Re: Swiss National Bank agrees to currency swap with People's Bank of China

Quote:

Originally Posted by fatmanfilms (Post 2202185)

I don't think selling CHF for Chinese currency is a trade I would want to do. :D

well, they are selling CHF at under-value for EUR, so I wouldn't put it past the SNB ;)

fatmanfilms

21.07.2014 22:07

Re: Swiss National Bank agrees to currency swap with People's Bank of China

Quote:

Originally Posted by Phil_MCR (Post 2202219)

well, they are selling CHF at under-value for EUR, so I wouldn't put it past the SNB ;)

It's very funny really, if only the Swiss people realized they were being ripped off. If the SNB start buying Apple , I will sell my entire holding.

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