An ‘Unprecedented’ Franc Plunge & How To Make ’40-50 Billion’ On A Falling Swissie

Much has been made of the Swiss franc's epic plunge. And indeed, it has been just that - an epic plunge. If you've missed our previous posts on this, you can read some of them here. Just to underscore the contention that our ongoing coverage of the story isn't hyperbolic, have a look at this chart: The move was, quite simply, unprecedented since the SNB abandoned the floor. Now consider this from a BofAML note out Wednesday: Summer months can be unpredictable for FX markets and 2017 has b