Banks and currency traders are tallying the fallout after the Swiss National Bank's unexpected decision to jettison its cap on the franc sent the currency up as much as 41 percent against the euro.  Photo: Bloomberg Banks and currency traders are tallying the fallout after the Swiss National Bank's unexpected decision to jettison its cap on the franc sent the currency up as much as 41 percent against the euro.  Photo: Bloomberg
Banks and currency traders are tallying the fallout after the Swiss National Bank's unexpected decision to jettison its cap on the franc sent the currency up as much as 41 percent against the euro. Photo: Bloomberg

Peg or no peg, it's far better to be on guard in a globalised world

Banks and currency traders are tallying the fallout after the Swiss National Bank's unexpected decision to jettison its cap on the franc sent the currency up as much as 41 percent against the euro.  Photo: Bloomberg Banks and currency traders are tallying the fallout after the Swiss National Bank's unexpected decision to jettison its cap on the franc sent the currency up as much as 41 percent against the euro.  Photo: Bloomberg
Banks and currency traders are tallying the fallout after the Swiss National Bank's unexpected decision to jettison its cap on the franc sent the currency up as much as 41 percent against the euro. Photo: Bloomberg
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