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Old 21.07.2014, 20:55
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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
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Old 21.07.2014, 21:21
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Re: Swiss National Bank agrees to currency swap with People's Bank of China

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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.
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Old 21.07.2014, 22:04
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Re: Swiss National Bank agrees to currency swap with People's Bank of China

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I don't think selling CHF for Chinese currency is a trade I would want to do.
well, they are selling CHF at under-value for EUR, so I wouldn't put it past the SNB
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Old 21.07.2014, 22:07
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Re: Swiss National Bank agrees to currency swap with People's Bank of China

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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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