Even the European Central bank. Instead, it was the Swiss National bank stunning currency markets around the world by removing the price ceiling on the swiss bank designed to keep its currency artificially low against the euro. That sent the value of the frank soaring and swiss stocks tumbling. Today, the frank at 1 point up about 20 when it was all said and done against the euro. Now, the defensive move comes ahead of an expected announcement from the Ecbs Mario Draghi next week of a massive euro zone quantitateive easing plan like one in the u. S. The past few years. That would weaken the euro sending investors flooding into the frank. Lisa boyason has more. Shes in zurich. Reporter a swiss shock. Theres simply no other way of describing what took place on the swiss markets. The Swiss National bank coming through and surprising everybody by deciding to scrap a cap thats been in place preventing the swiss frank from appreciating above a certain level towards the euro. At the same time
Even the European Central bank. Instead, it was the Swiss National bank stunning currency markets around the world by removing the price ceiling on the swiss bank designed to keep its currency artificially low against the euro. That sent the value of the frank soaring and swiss stocks tumbling. Today, the frank at 1 point up about 20 when it was all said and done against the euro. Now, the defensive move comes ahead of an expected announcement from the Ecbs Mario Draghi next week of a massive euro zone quantitateive easing plan like one in the u. S. The past few years. That would weaken the euro sending investors flooding into the frank. Lisa boyason has more. Shes in zurich. Reporter a swiss shock. Theres simply no other way of describing what took place on the swiss markets. The Swiss National bank coming through and surprising everybody by deciding to scrap a cap thats been in place preventing the swiss frank from appreciating above a certain level towards the euro. At the same time
Even the European Central bank. Instead, it was the Swiss National bank stunning currency markets around the world by removing the price ceiling on the swiss bank designed to keep its currency artificially low against the euro. That sent the value of the frank soaring and swiss stocks tumbling. Today, the frank at 1 point up about 20 when it was all said and done against the euro. Now, the defensive move comes ahead of an expected announcement from the Ecbs Mario Draghi next week of a massive euro zone quantitateive easing plan like one in the u. S. The past few years. That would weaken the euro sending investors flooding into the frank. Lisa boyason has more. Shes in zurich. Reporter a swiss shock. Theres simply no other way of describing what took place on the swiss markets. The Swiss National bank coming through and surprising everybody by deciding to scrap a cap thats been in place preventing the swiss frank from appreciating above a certain level towards the euro. At the same time
Even the European Central bank. Instead, it was the Swiss National bank stunning currency markets around the world by removing the price ceiling on the swiss bank designed to keep its currency artificially low against the euro. That sent the value of the frank soaring and swiss stocks tumbling. Today, the frank at 1 point up about 20 when it was all said and done against the euro. Now, the defensive move comes ahead of an expected announcement from the Ecbs Mario Draghi next week of a massive euro zone quantitateive easing plan like one in the u. S. The past few years. That would weaken the euro sending investors flooding into the frank. Lisa boyason has more. Shes in zurich. Reporter a swiss shock. Theres simply no other way of describing what took place on the swiss markets. The Swiss National bank coming through and surprising everybody by deciding to scrap a cap thats been in place preventing the swiss frank from appreciating above a certain level towards the euro. At the same time
Their hoepspes on a turn around strategy. Propping up the smi after Quarterly Sales beating forecast. Theres no stopping the rally in asia. The nikkei set to close at 20,000 for the first time in 15 years. Of course a top story today that we have. Good morning, everybody. British authorities arrested a 36yearold man for contributing to the 2010 wall street flash crash. He earned 40 million from market manipulation between 2010 and 2014. Theyre seeking his extra extradiction. Hes expected to appear in court in the next hour. Wilfred is joining us outside of court. Lets just update you on what we know. He is from near heathrow from the west of london. He was arrested yesterday. He was arrested based on charges filed by the department of justice in the u. S. Calling an investigation from the cftc. Commodities and futures trading commission. Those were filed in february and they have been published because he was taken into custody. One count of wire fraud, ten counts of commodities fraud