EUR/CHF has been a lot more fun ever since SNB announced they were going to peg. Everytime I make money I feel like I am getting away with something.
I was just thinking about this last night. Crazy pair indeed. I doubt they're going to enforce it though if it gets tested. It could be potential suicide.
every central bank always fails when they try to devalue. At least USA can print their way down. SNB's only strategy is to buy everything out there. When everthing you buy goes down how does that work out? If they keep that up they'll be broke just like Europe and maybe then they'll finally be pegged.
Huh? The Chinese have been devaluing successfully for how long now? There is no inherent short-term limit to how much a CB can devalue, if it's truly willing...