Swiss National Bank President JP Danthine’s days of buying EUR/CHF are numbered. He informed the SNB today that he will retire in mid-2015, according to a statement.
I mean, if monetary policy is locked at zero and the currency is pegged, what exactly does a central banker do. Every press conference, interview and statement is the same: “We reaffirm our commitment to the EUR/CHF peg”.
Anyway, EUR/CHF is slipping toward 1.2050 once again.
Tomorrow is the 3rd anniversary of the announcement of the EUR/CHF floor. I’m going to dig up our posts from that time and re-post them on the weekend so stop in.
