Friday, January 16, 2015

Swiss Franc Decision Leads to Massive Forex Losses

On January 15, 2015, the Swiss National Bank unexpectedly ended its three-year policy of maintaining a Swiss franc that was weaker than 1.20 euro.

The effect of this decision on currency pairs containing either the Swiss Franc or the Euro was immediate and drastic.

Investors in those currency pairs have suffered massive losses, since numerous Forex pairs contain either the Euro or the Swiss Franc and the effect of this decision may be felt by tens of thousands individuals, if not more.

 We are currently investigating claims related to this unexpected and monumental decision. If you have suffered losses in forex pairs containing either the Euro or the Swiss Franc, such as USDCHF, EURCHF, GBPCHF or EURUSD please contact Sallah Astarita & Cox,  at 212-509-6544 or email our office


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