The Swiss Franc collapsed like a house of cards as markets opened on Monday, falling by nearly 1 percent against the Dollar in mere minutes before recovering all its losses almost instantly. Prices later then fell back below 1.0000 before climbing around 1.0033 at the time of writing. The Swissie also saw a drastic move against the Japanese Yen.
This mini “flash crash” appears to have been triggered by a lack of liquidity, given that Japanese markets are closed today, and is smaller compared to the 8 percent swing in JPYAUD on January 3. As the Reserve Bank of Australia noted in their… Read More
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