Global Macro Funds In Shock After Swiss Decide To Remove Currency Cap

Markets in Shock After Swiss Decide to Remove Currency Cap

NEW YORK/LONDON (Reuters) – Currency speculators, especially large global macro hedge funds with big short positions in the Swiss franc, are staring massive losses in the face after the Swiss National Bank shocked markets on Thursday by removing a three-year-old cap on the currency. The move sent the safe-haven franc soaring against the euro and the…

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)






About the Author

News week
Newsweek has been a staple of American media for over 80 years, bringing high-quality journalism to millions of readers around the globe. Newsweek publishes print editions in Japanese, Korean, Polish, Spanish, Arabic, and Turkish, as well as an English language international edition, but is a primarily digital property available across platforms and devices [newsweek.com/subscribe]. Newsweek provides in-depth analysis, news and opinion about international issues, technology, business, culture and politics.

Be the first to comment on "Global Macro Funds In Shock After Swiss Decide To Remove Currency Cap"

Leave a comment