Swiss Franc breaks 6-day losing streak as $15.3 billion SNB loss sparks safe-haven demand
Key Points
- The Swiss National Bank's $15.3 billion loss unexpectedly bo...
The Swiss National Bank just posted a $15.3 billion loss, and somehow that's making their currency look more attractive. Welcome to finance, where bad news for banks can be good news for currencies, and nothing makes sense until it suddenly does.
With tomorrow's August 1 tariff deadline breathing down everyone's necks, traders are scrambling to position themselves like musical chairs players who just heard the music slow down. The Swiss Franc decided to end its six-day pity party just in time, proving that even currencies have a sense of dramatic timing.
**When Your Central Bank Loses Billio...
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