How Fast Could a Crisis Wipe You Out? – Part I

Three Minutes!
On January 15 earlier this year, that’s how long it took for the euro to drop an astounding 17% versus the Swiss franc (“CHF” in foreign exchange, a.k.a. “forex” terms). Later that day, the euro/CHF currency pair dropped as much as 39% due to the surprise announcement by Switzerland’s central bank that it was