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> until they gave up Wasn't it mostly due to EUR losing ground against USD (due to QE?)? (at which point it didn't make as much sense pegging the currency only
by tonfa 10y ago
> until they gave up
Wasn't it mostly due to EUR losing ground against USD (due to QE?)? (at which point it didn't make as much sense pegging the currency only against EUR, I wonder why they didn't peg against a mix of currencies). In any case the SNB doesn't seem too concerned now, at least there's no peg anymore.