Keeping the peg means buying more and more euros. It's not sustainable.

tormeh · on Jan 19, 2015

It was. The Swiss central bank just had to print francs to sell for euros. It wasn't like the rest of the world didn't want those francs. Remember that this floor was about keeping the franc down.

Fizzgig · on Jan 19, 2015

Exactly.

Europe announcing QE on the scale of the US markets lead directly the CHF moves.

My comment below that showed the media reporting of this is now "down-voted".

>>Out.

Funny. HN - the new Reddit.