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Wednesday, September 7, 2011. SNB, Currency Wars, and the China Peg. The currency wars are back. It was, of course, the neutral Swiss who fired the latest salvo in this conflict by announcing a minimum exchange rate target. Vis-a-vis the euro. This amounts to quantitative easing a loutrance the Swiss National Bank will print Swiss francs as necessary to buy up foreign exchange to hit its target. Markets certainly took note. Buttonwood of The Economist. Hence, the evocatively dubbed currency wars, i.CONTENT
This web page obsoletedogma.blogspot.com states the following, "Wednesday, September 7, 2011." We saw that the webpage said " SNB, Currency Wars, and the China Peg." It also said " The currency wars are back. It was, of course, the neutral Swiss who fired the latest salvo in this conflict by announcing a minimum exchange rate target. This amounts to quantitative easing a loutrance the Swiss National Bank will print Swiss francs as necessary to buy up foreign exchange to hit its target. Hence, the evocatively dubbed currency wars, i."