IPFS News Link • Currencies
A Huge Shift Is Happening In The Currency Market, Just In Time For The Folks Going To Davos
• Business InsiderBack in the crisis days, the euro plunged against the Swiss Franc, as everyone rushed their money into Switzerland, to escape the crumbling Eurozone.
Then the Swiss National Banc -- fretting about the strength of its own currency and the potential negative economic ramifications -- put a ceiling on Franc strength, and so the Euro didn't move against the Franc for a long time.
But now that fears are subsiding in Europe, we're seeing the opposite of the run on Europe, and a run back into Eurozone, as folks repatriate their cash back out of Switzerland.