CHF

loads of blarney from swishland

Thx cat, I must be slipping :-)

daveo,
no it was this ( as expected)

bloomberg Aug 17, 2011 11:13 AM GMT+0200


The franc strengthened after the Swiss central bank stopped short of announcing a target rate or temporary peg to the euro in its third attempt in as many weeks to drive down the currency.

The Swiss National Bank will boost liquidity to the money market, expanding banks sight deposits to 200 billion francs ($253 billion) from 120 billion francs, it said in a statement from Zurich today. It will also continue to repurchase outstanding SNB Bills and use foreign-exchange swap transactions. The franc surged as much as 2.1 percent against the euro, trading at 1.1303 at 10:55 a.m. in Zurich.

There were strong expectations, maybe too much, in terms of interventions or a peg, said Steven Saywell, head of foreign-exchange strategy for Europe at BNP Paribas SA in London. What were seeing here is disappointment and its going to be very difficult for the SNB to stand in the way of the foreign-exchange markets, which will want to push the franc higher, he said.

gotta love swissy

skipper, nah definitely no balz pics. I too been takin time off and the exercise been good mainly dinghy sailin, trying to get fit again.