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Puzzles for "mini-crash" frank at the start of trading "DiePresse.com



At night from Sunday to Monday, the Swiss currency temporarily lost one percent in the Asian trade. About half an hour later, the price stabilized again at the level of one franc per dollar.


Experts have explained that there is a drop in vacations in Japan and, consequently, a low liquidity that could cause "mini-crash". "Without important news during early trading in Asia, this step appears to be due to some large orders that were executed on very thin liquidity," said Marios Hadjikyriacos, an XM broker broker. The Swiss Central Bank did not want to comment on this.

(Reuters)


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