In this week’s Money For the Rest of Us Plus episode, we explore the shock that ran through currency markets this past Thursday as the Swiss National Bank announced it would stop trying to prevent the Swiss franc from strengthening. Within minutes the Swiss franc appreciated over 20% against the euro, inflicting losses on many investors.
This is a classic example of what can happen when a country tries to manipulate its currency and then stops.
The episode length is 15 minutes.
(I apologize for some extraneous microphone noise in this episode. My “mobile” studio had some issues.)
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