"Switzerland has extremely competent military and they are def. not in a position to manipulate the currency the way FED does and remain a viable financial cent

"Switzerland has extremely competent military and they are def. not in a position to manipulate the currency the way FED does and remain a viable financial center." Well, actually, since you brought it up ... The SNB has been buying euros, and other currencies (selling swiss francs) since 2011 in an effort to depress its value, which they believe is too high and hurts their exports. Here is a decent summary of the events leading up to their interventions and the current scenario: https://admiralmarkets.com/analytics/traders-blog/price-shock-when-the-swiss-national-bank-unpegged-the-swiss-franc-from-the-euro https://admiralmarkets.com/analytics/traders-blog/price-shoc... In summary, the CHF is viewed by many market participants as a safe-haven, or reserve currency (especially in Europe) and the Swiss National Bank has been acting, unilaterally, for many years to manipulate the CHF downwards in value.