{"id":30470,"date":"2012-08-02T07:30:18","date_gmt":"2012-08-02T11:30:18","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=30470"},"modified":"2012-08-02T07:30:18","modified_gmt":"2012-08-02T11:30:18","slug":"snb-central-bank-or-hedge-fund-james-saft","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2012\/snb-central-bank-or-hedge-fund-james-saft.html","title":{"rendered":"SNB-central bank or hedge fund?: James Saft"},"content":{"rendered":"<p>Reuters &#8211; Switzerland on Tuesday revealed its foreign exchange reserves now total 365 billion francs ($374 billion), a rise of 50 percent in just three months and taking it to a dizzying 62 percent of Swiss annual output. A small Alpine country with a big banking industry is now the world&#8217;s sixth-largest reserves holder, behind only much larger or resource-rich countries like China, Japan, Russia and Saudi Arabia.<\/p>\n<p>The reason: the Swiss National Bank&#8217;s strategy of imposing a cap on the value of the franc against the euro, a policy which obliges it to buy euros in unlimited amounts when the exchange rate hits its line in the sand of 1.20 francs to the euro.<\/p>\n<p><a href=\"http:\/\/in.reuters.com\/article\/2012\/08\/02\/column-markets-saft-idINL2E8J1FCA20120802\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Switzerland on Tuesday revealed its foreign exchange reserves now total 365 billion francs ($374 billion), a rise of 50 percent in just three months and taking it to a dizzying 62 percent of Swiss annual output. A small [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30470","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=30470"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30470\/revisions"}],"predecessor-version":[{"id":30471,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30470\/revisions\/30471"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=30470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=30470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=30470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}