Conference delegates blast SNB for Swiss move
30% drop in EUR/CHF highlighted weaknesses in e-trading
Delegates at the 8th annual FX Invest Europe conference widely criticised the Swiss National Bank (SNB) for the way it chose to announce the elimination of its minimum exchange rate in the franc, and say the resulting sharp move in the cross showed the full effects of the electrification of currency trading.
"The SNB could have done this differently. I understand it had to be a surprise but it might have been better for the market if they made the announcement over the weekend and allowed market
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