Found one buyer of euro- Swiss Nat Bank

Seems they are willing to take the credit risk to support their exporters at the expense of the macro economy, rather than cut taxes to sustain domestic demand: (Dow Jones) — A Swiss National Bank official reiterated Sunday that the central bank will act decisively to prevent excessive appreciation of the Swiss franc against the […]

SZ News

[Skip to the end] Wonder if our administration will go after them the way it is going after China for doing same. Bad to buy dollars and US treasury securities vs your currency to support your exports — currency manipulation. Good to buy dollars to buy treasury securities to, in the words of Secretary of […]

Swiss National Bank

[Skip to the end] >    >   On Thu, Mar 12, 2009 at 9:10 AM, EDWARD wrote: >    >   In conjunction with lowering rates to 0.25% (3m libor target- this is important- its NOT >   the overnight or refi rate) and maintaining a 0-75bp range they also announced the following: >    >   *SNB PLANS TO BUY WISS FRANC BONDS >   *SNB […]