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Swiss Franc Is Tumbling, Retraces 60% Of SNB Move

Is the SNB buying Euros to keep the mirage alive that Grexit is "managable"?

 

EURCHF is up dramatically in the last 2 days...

 

...retracing 60% of the Swiss Franc's valuation surge against the USD...

 

It appears they are losing the battle...

 

Charts: Bloomberg