Bloomberg News

Soros Says He Would Not Speculate Against SNB Currency Cap

January 26, 2012

Jan. 25 (Bloomberg) -- Billionaire investor George Soros said he wouldn’t speculate against a franc cap introduced by the Swiss National Bank.

“I wouldn’t speculate against it because the SNB is in a position to print as many Swiss francs as necessary to preserve that,” Soros told reporters in Davos, Switzerland today. “That was a very clever maneuver on the part of the SNB.”

To contact the reporter on this story: Jana Randow in Davos, Switzerland at jrandow@bloomberg.net

To contact the editor responsible for this story: Simon Kennedy at skennedy4@bloomberg.net


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