EURCHF, USDCHF Skyrocket On SNB Move

Implementing a bold move, the Swiss National Bank announced plans to impose a currency ceiling on the Swiss franc on September 6th. This is the first time in more than 30 years that such a measure needed to be put in place. During that year, the Swiss government required a currency ceiling in order to stem gains against the then German Deutsche Mark. Read the article here - http://forexalliance.com/2011/09/eurchf-usdchf-skyrocket-snb-move/