The Swiss franc soared—and Swiss stocks tanked—as that country’s central bank shocked markets Thursday with a move to scrap a cap against the euro.
Swiss large-cap stocks lost about $100 billion on the move.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.