Showdown at Bern Gulch
Hedge funds are considering ways to mount a counterattack against the Swiss National Bank, whose attempt to wrest control of the surging franc caught investors off-guard…
“People don’t know what to do with the Swiss franc right now, but the general consensus is that a central bank acting on its own will have a difficult time,” Mr. DiRusso said. “It’s going to take some time for the market to get on it, but there is definitely going to have to be a defense” of the 1.20 level, he said.