How it started Pending announcement from European Central Bank (ECB) to launch a full-scale quantitative easing program (QE) on 22 Jan 2015, has lead to Swiss National Bank (SNB) to abandon the capping of franc at 1.20 to the euro, introduced since September 2011. Besides they also have their key interest rate cut from -0.25% to -0.75%, raising the amount investors pay to hold Swiss deposits. And such action have caused massive impact by trigger massive automatic and painful cut loss due to leverage call (If you look at the chart on the left). Watch out if you have fund in oversea trading house. Article : Casualties From Swiss Shock Spread From New York to New Zealand Losses mounted from the Swiss currency shock as the largest U.S. retail foreign-exchange brokerage said client debts threatened its compliance with capital rules and a New Zealand-based dealer ......