The Swiss National Bank Is Doing What?
The thought with the Swiss franc is simple... They are the only Central Bank in Europe still stressing that the franc is overvalued, and that they will keep their negative rates and current monetary policy, while the other Central Banks of Europe are at least hinting that they are ready to pull the plug on their accommodating monetary polices. So, traders, being, astute, and forward looking, see this as a reason to sell francs... I would too, given these facts and adding that the Swiss National Bank (SNB) is still buying U.S. stocks for its reserves.
