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 Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency

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CovOps

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Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency Vide
PostSubject: Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency   Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency Icon_minitimeWed Aug 17, 2011 5:34 am
The franc gained after the Swiss central bank stopped short of announcing a target rate or temporary peg to the euro as it made its third attempt in as many weeks to weaken the currency.

The Swiss National Bank will boost liquidity to the money market, expanding banks’ sight deposits to 200 billion francs ($253 billion) from 120 billion francs, it said in a statement from Zurich today. It will also continue to repurchase outstanding SNB Bills and use foreign-exchange swap transactions. The franc surged as much as 2.1 percent against the euro, trading at 1.1303 at 10:55 a.m. in Zurich.

Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency 3182



http://www.bloomberg.com/news/2011-08-17/switzerland-increases-efforts-to-weaken-franc-with-flood-of-bank-liquidity.html
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RR Phantom

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Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency Vide
PostSubject: Re: Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency   Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency Icon_minitimeWed Aug 17, 2011 5:49 am
"The franc gained"??????

It's fallen for 5 straight days!

:scratch:
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CovOps

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Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency Vide
PostSubject: Re: Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency   Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency Icon_minitimeWed Aug 17, 2011 5:55 am
That isn't their chart, and the news is more recent, plus, they mean on the FX market...
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Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency Vide
PostSubject: Re: Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency   Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency Icon_minitime
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Market manipulation: Swiss central bank made its third attempt in as many weeks to weaken the currency

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