News by Allie Longford on 09:59 EST February 17, 2015
It is a month since the Swiss National Bank, unexpectedly, gave up on defending the 1.20 level on the EURCHF cross which, for four years, had prevented further appreciation of the small European country's currency.
News by Allie Longford on 14:47 EST January 17, 2015
The move by the SNB to remove the cap on the exchange rate of the Swiss Franc versus the euro which resulted in the currency appreciating 20% within minutes sent shockwaves through the forex brokers around the world that now hold clients with substantial loses on their accounts, some of which, will be unlikely to be able to repay.
Trading in the forex market involves significant risk of losing some or
all of your amounts deposited. Our opinions, news and articles do not consitute personal advice to you. We do not make any guarantee
on the accuracy of the data published at forexstat.us and we do not accept liability in the case that the information is not precise.