Volatility Trading Digest: Switzerland To The Rescue

Last Tuesdays' news that the Swiss National Bank's foreign currency reserves increased 80% in May resulting from the sale of Swiss francs and investing in Eurobonds, at a rate that appears to have exceed that of the European Central Bank, helped turn the tide of the very oversold euro. The result, a somewhat stronger euro also boosted equities and the economically sensitive commodities.

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