joneog
Registered: Jun 2010
Posts: 237 |
09-06-11 01:06 PM
Quote from Ghost of Cutten:
You don't seem to understand - the SNB can print as many CHF as it wants, therefore it can provide infinite CHF supply at 1.20. If the SNB doesn't want the CHF over 1.20, it won't go over that level.
A country cannot make its own currency go up, but it can certainly make it go down. The central bank does, after all, have the ability to literally print as much of the currency as they require.
the BOJ must not have gotten the memo
btw, I would love to see eur/chf just flatline at 1.20 for the next week, see if unlimited really is unlimited.
otherwise chf-carry for free money
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