Search results

Ah, now I understand. Lot of people lost their money when they removed the cap, so I assumed it was that event. I am currently trying to study hard what would be the result of the same action from Czech National Bank, which is expected to happen after 31.3.2017

Thanks. Funny enough that's what happens now around EUR.CZK. All analysts and banks are like, when they leave the 27 barrier it would be 26.30 or even over 27. Inflation is now 2% (target) it's from many reasons going higher. They guaranteed the 27 exchange rate till 31.3. Whatever fundamental...

Actually the other way round. CHF hugely appreciated as originally NBS didn't want to let it get stronger than 1.20 CHF for 1 EUR (to protect exports) pegging it 1:1 would be just plain stupid and wouldn't help the economy which currently actually suffers a lot from strong franc. But they...

Ah, I understand. Well that was really extremely low profit/high risk trade given the fact how much EUR NBS already had and that there were huge pressures on them to leave the pegging to EUR. You can recover on EUR.CZK CNB is doing the same and is going to keave it after 31.3.2017 ;-)

THen you wouldn't say "I was long on CHF"

I don't get it, CHF appreciated massively, how you could face loss when you were long at it?