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As you all probably know already, the Swiss National Bank (country’s central bank) has pegged the Swiss franc’s Forex rate to the euro at about 1.20.[...]
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The question is whether SNB will preserve its commitment to hold the rate above 1.2000 and whether it will be capable of doing so. What do you think?
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The 1.30 area was the major support level, which was finally broken back on 12-20-11.
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