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Tag: Switzerland

Will China Be the Next Forex Peg to Break?

January 19, 2015 By Craig Stephen HONG KONG (MarketWatch) — The surprise move by Switzerland to scrap its currency ceiling against the euro last week is a reminder there can be unexpected collateral damage from central banks waging currency wars. As markets digest last week’s turmoil, expect focus to turn to other fault lines on the global currency map. Here China stands out, as like the[...]