Showing posts with label U.S. dollar. Show all posts
Showing posts with label U.S. dollar. Show all posts

January 16, 2015

Hedge funds, speculators face big losses on Swiss franc rally

(Reuters) - Currency speculators and global macro hedge funds with large short positions in the Swiss franc are staring massive losses in the face after the Swiss National Bank shocked markets on Thursday by removing a three-year-old cap on the currency.