Swiss National Bank shocked the world

The road to normal was uneven. The stunning changes in monetary policy in Switzerland and India have set up a roller coaster for the markets.

Federal Reserve Chairman Janet Yellen (Janet Yellen) said that "normalization can lead to some increase in financial instability." After the alarm bells, the Swiss franc rose 27 percent against the dollar, becoming like the Ukrainian hryvnia, the seventh largest reserve currency.

The main Mumbai stock index shows the largest increase for the year. The head of the Reserve Bank of India Raghuram Rajan (Raghuram Rajan) has cut interest rates for the first time in 20 months. Six hours later, the President of the National Bank of Switzerland, Thomas Jordan (Thomas Jordan) refused to a three-year top-level securities. Both decisions were unplanned and, in the case of Switzerland, also unexpected.

In the US, investors are preparing for the first-year interest rate increase from 2006, which will be set by the European Central Bank. In relation to the dollar last year, the euro weakened by 14 percent, writes AmericaRu.com