Hong Kong Dollar Peg: How vulnerable is it and if it breaks, how will it happen? Explained
June 19, 2020 at 12:37 PM EDT
The Swiss National Bank vowed to uphold the EUR/CHF peg – only to release the “SNBomb” several days later, removing the 1.20 floor under the cross. The unpegging wreaked havoc in markets and sent some forex brokers to bankruptcy.
