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Swiss franc surge sends shock waves through global markets

Swiss National Bank gives up supporting the euro at 1.20; massive ECB monetary easing expected

The immediate response to SNB's surprise move was a euro plunge of around 30 per cent to 0.85 before it rallied to 1.03, which was 14 per cent below its early morning rate.


A MASSIVE, historic, surprise surge in the Swiss franc against the euro on Thursday caused extreme volatility in European and global markets within...

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