"Bound" Euro &Nbsp; CHF Fell 8%

The Swiss central bank also said: "we will resolutely adhere to the above minimum exchange rate standards and are prepared to buy foreign currencies in large quantities without a ceiling."

Although the market has speculated about the Swiss central bank's policy of pegging the euro to the euro, it has been announced for a while, and there is still a big wave in the foreign exchange market. The Swiss Franc quickly and sharply dived against the main currencies.

As of Beijing time 6 at 19 o'clock, the US dollar rose against the Swiss Franc from 5 closing price 0.7872 to 8% to 0.8501, and the euro rose from 8.5% to 1.20367 on the 5 day closing price 1.10971.

The Swiss central bank said that even if the 1.20 Swiss francs remained to 1 euros, the Swiss Franc would still overrate major currencies.

According to the needs of Swiss Economic Development and reducing domestic deflation risk, the bank will take further measures to make the Swiss francs gradually return to its original value in the coming period.

Because of the deterioration of the sovereign credit rating and the worsening of the European debt crisis, the Swiss Franc exchange rate, which is a typical representative of the safe haven currency, has been rising under the promotion of the international hedging buying.

The Swiss central bank adopted tough measures to deal with the appreciation of the Swiss franc.

Analysts expect that the Swiss central bank will take more measures to curb the rise of the Swiss Franc in the coming period in order to ensure its economic development.

The Swiss central bank has been taking measures since August 3rd.

Analysts believe that because of the Swiss central bank's "heavy blow", this policy will be more effective than previous intervention.

It is expected that the strength of the Swiss franc is expected to come to an end. Speculative funds will be withdrawn from the Swiss Franc speculation because it is difficult to continue to receive high returns.

Another major hedge asset gold in the financial market, though not worried by central bank intervention, fell sharply after the announcement of the decision by the SNB, which is near the historical high above $1920 an ounce.

6, the Swiss Franc exchange rate volatility.

The picture shows the Swiss central bank, the headquarters of the Swiss National Bank.