Swiss Fallout Drives Euro to 11-Year Low Against Dollar

ELK GROVE, Calif. - April 6, 2015 - PRLog -- This the title of an article that came out on Friday at MarketWatch.com detailing the Swiss National Banks decision to remove it's 2 billion euro purchases per day to keep it's exchange-rate capped.

     (Source: http://www.marketwatch.com/story/swiss-franc-pares-back-after-shock-rally-2015-01-16)

Now, a source of support for the euro has vanished, said Josh O'Bryne, a G-10 FX strategist at Citi, weakening the euro against all its rivals. The elimination of SNB's euro purchases, as a part of its plans to scrap its long-held currency cap, adds further pressure to the euro, which has been dogged by fears that the eurozone economy is grappling with slowing growth".

Many were not only shocked by the Swiss National Banks decision but also do not understand what led to it's decision. The SNB has been printing Francs to buy Euros and many in the country are complaining that it will lead to hyperinflation. It's interesting to note that many are stating that the Swiss inflation rate might be too low and starting to show signs of problems in the economy.

Two other issues that may have added in making this decision are the expectation that the European Central Bank will introduce quantitative easing which will continue to devalue the Euro against other currencies. The other reason that might have influenced this decision is the benefit Swiss exports experience because of the lowering value of the Franc to other currencies.

The actions by the Swiss National Bank are a picture to the rest of the world of the dangers associated when a Central Bank tries to manipulate exchange rates and currencies.


Matt Golab was recruited to write a chapter in Tom Hopkins recent book, Victory which became a National Best Seller. Matt also received the Editors Choice Award for his contribution to Victory, not every contributor is selected for this high honor.

Matt is an authority on creating innovative tax and investment solutions to help his clients succeed in their retirement years.  The strategies Matt Golab has established and passed on through successful financial planning with hundreds of clients over the years has launched him into the national spotlight.

He is often featured in Retirement Advisor Magazine, a publication which attracts the top financial planners in the country. Matt has been featured in newspapers around the country passing on the principals for a successful retirement. Golab is often asked by national websites that focus on the education of consumers to present his knowledge on the areas of retirement and retirement income plans.

Matt is frequently featured in The Wall Street Journal, CNBC, MSN Money, The San Francisco Chronicle, Newsweek, TheSmartRetiree, Burlington County Times and appeared nationwide on ABC, CBS, Fox, and NBC as well as USA Today.

Matt has a weekly radio show where he discusses all aspects of retirement planning, total wealth management, and estate strategies. Through his relationship with Retirement Radio Network experts such as David Walker former Comptroller General of the United States, Harry Dent of the H.S. Dent Foundation, John Bogle of the Vanguard Funds and many more have been heard on his show Income Forever.

Golab is the Author of The Consumer's Guide to Planning Your Retirement: Your Guide to Mental Peace and Financial Well Being. Matt Golab continues to expand the geographic reach of his audience and desires to bring his expertise to a nationwide television audience. Matt emphatically states his mission, “I want to change the way Americans view their retirement. They can succeed (stay retired) regardless of what happens in the market".

Contact information for Matt is available at his website, http://www.aaronmatthewsfinancial.com/

Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor.