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-   -   Swiss National Bank agrees to currency swap with People's Bank of China (https://www.englishforum.ch/finance-banking-taxation/213785-swiss-national-bank-agrees-currency-swap-people-s-bank-china.html)

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)
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

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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