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As Franc Climbs, Investors Scramble.
- Source :
-
Wall Street Journal - Eastern Edition . 1/16/2015, Vol. 265 Issue 13, pC1-C2. 2p. 1 Color Photograph. - Publication Year :
- 2015
-
Abstract
- The article discusses repercussions on January 15, 2015 from the Swiss National Bank's decision to end its cap on the Swiss franc's exchange rate with the euro. Foreign exchange broker FXCM Inc. said ensuing volatility in currency markets had produced for it a negative equity balance of $225 million. Currency trading firm Global Brokers NZ Ltd. said it would shut down due to an inability to meet capital requirements.
- Subjects :
- *SWISS franc
*MARKET volatility
*FOREIGN exchange
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 265
- Issue :
- 13
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 100431041