SNB ends EUR/CHF floor, CHF skyrockets - ANZ

FXStreet (Guatemala) - Analysts at ANZ noted the recent recents surrounding the SNB's actions.

Key Quotes:

"The SNB announced the end of the EUR/CHF floor at 1.20."

"The SNB simultaneously moved interest rates more negative with 3m Libor target now -1.25% to -0.25%."

"The SNB said it will continue to take account of the exchange rate in formulating monetary policy."