Franc No Longer Haven After `Ill-Judged' Move: Derrick
Jan. 16 (Bloomberg) -- The surprise nature of the Swiss National Bank's decision to abandon the franc's cap against the euro was an "ill-judged move" says Simon Derrick, chief foreign-exchange strategist at Bank of New York Mellon, adding that the franc has lost its status as a haven currency. He talks with Anna Edwards, Mark Barton and Manus Cranny on Bloomberg Television's "Countdown."
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