Hildebrand scandal leaves Swissie expectations broadly unchanged
The resignation of Philipp Hildebrand as chair of the governing board of the Swiss National Bank (SNB) earlier this week has thrust foreign exchange markets and SNB policy into the international media spotlight, but appears to have had little material impact on the direction of the Swiss franc or market expectations for future intervention from the central bank.
In an effort to weaken the Swiss currency after months of appreciation, the SNB imposed a floor of 1.20 on EUR/CHF on September 6, 2011
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