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SNB’s Danithe: Theoretically there are no limits to SNB’s intervention

SNB’s Danithe: Theoretically there are no limits to SNB’s intervention

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Jamie Coleman
20/05/2010 | 16:58 GMT

He’s right, since they are selling CHF. If they were buying it, they could spend all their reserves…Just ask the BOE about 1992…

Gets expensive though, when it falls from 1.55 to 1.40….

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