The Game of Krones: Inside Denmark’s battle to defend its 35-year-old currency peg

Few traders have forgotten the morning of Jan. 15, 2015. A few hours into the European trading day, the Swiss National Bank revealed out of the blue that it would no longer peg the Swiss franc CHFEUR, +0.1540% CHFUSD, -0.0101% to the euro. Instead, it would let it float free like other major curr...

The Game of Krones: Inside Denmark’s battle to defend its 35-year-old currency peg

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