Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (72353)	2/5/2010 2:14:03 PM
From: TobagoJack	Read Replies (2) of 74559

just woke up from slumberin hkg, 3:12am, to participate in the excitement of nyc just in in-tray the Swiss buy into the US strong dollar policy: marketwatch.com. TOKYO -- The Swiss franc fell to multi-month lows against the euro and dollar in Asia Friday as market participants said Switzerland's central bank made a rare and aggressive intervention to curb its currency. The euro spiked around 0300 GMT to CHF1.4905, its highest since Dec. 28, from CHF1.4635. The dollar jumped to CHF1.0800, its highest since Aug. 18, from CHF1.0670. Two dealers in the region said they saw franc-selling orders under the name of the Swiss National Bank on the EBS trading platform. The central bank was bidding for euros at CHF1.49, far above the spot rate of CHF1.46, they said. "I've been in the currency market for two decades, but this is my first time to see the SNB doing intervention in Asian time," said one dealer.

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