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Is The Swiss Franc Tumbling Due To Month-End SNB Window-Dressing?

Facing what is likely the largest loss in its history, it would seem The Swiss National Bank has undertaken what every good asset manager does nowadays - Month-End window-dressing. The Swiss Franc has collapsed in the last week or so (against the Dollar and Euro) as a mysteriously active seller of Swissy has managed levels up to smooth out the collapse in value of the SNB's balance sheet...

 

If only you had a little morer margin to hang on to that Swiss Franc short...

 

These are biggest drops since the Euro-peg was installed in 2011...

 

 

Charts: Bloomberg