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The move by the Swiss on its currency is proof that something noisy happens when "meddling" by central banks ends, Jim Grant told CNBC.
European equities rallied after a volatile session of trade on Thursday to close sharply higher, following action from the Swiss National Bank.
The job of a central bank is to "lead you into battle" and then "change their plans," says Sebastien Galy, senior currency strategist at Societe Generale.
The Swiss National Bank's latest decision comes at a "curious" time, just as the European Central Bank has its first meeting of the year where it's expected to announce a bond-buying scheme. Peter Rosenstreich, chief FX analyst at Swissquote Bank discusses the Swiss Franc currency.
The Swiss National Bank's move to break the franc away from its set value against the euro stunned financial markets and has substantial real-world effects.
The reason for the Swiss decision: It was getting very expensive for the Swiss National Bank to defend that 1.20 level.
CNBC's Jim Cramer says the Swiss National Bank's abandonment of its currency cap on the euro could be a scary sign.
Dennis Gartman says the Swiss decision to abandon a key part of its monetary policy is the worst central bank move he's ever seen.
Following the shock move by the Swiss National Bank to drop its euro peg, Larry McDonald from Newedge USA says U.S. investors are "definitely focused" on the swiss franc.
The Swiss National Bank has scrapped the franc's peg to the euro. Jane Foley, senior currency strategist at Rabobank, shares her thoughts on the move which has shocked markets.
The Swiss National Bank has dropped its exchange rate cap with the euro and lowered its interest rate to -0.75 percent. Geoffrey Yu, FX strategist at UBS, gives his and the market's current reaction.
The Swiss National Bank took the world by surprise on Thursday by unpegging the Swiss franc from the euro. CNBC's Sara Eisen breaks down what happened.
The Swiss central bank kept its rates steady today. Thomas Jordan, Chairman of Swiss National Bank talked to CNBC, explaining its reasons.
If no one expected the Swiss vote forcing the central bank to hold more gold to succeed, why is gold tanking?
Blame gold's free fall on the Fed, but if a long-shot referendum passes it could be the Swiss National Bank that stops it.
Thomas Jordan, chairman of the Swiss National Bank, discusses the appreciation of the Swiss franc and explains why the minimum exchange rate remains "absolutely necessary" for Switzerland.
Switzerland's exchange rate peg against the euro remains "absolutely necessary", despite the upturn in the single currency, the head of the Swiss National Bank told CNBC.
CNBC's Eamon Javers reports the DOJ expects to announce an agreement with the government of Switzerland in which certain Swiss banks could resolve the liability they may be facing in results of hiding American assets. Participating banks will have to provide the U.S. with full disclosure of activities.
Kathy Lien, Managing Director of FX Strategy of BK Asset Management says that while there are some green shoots evident in the Euro Zone, the region's battle against recession is far from over.
The Swiss National Bank said it was far from ready to end its unconventional policy measures, on Thursday, unlike the U.S. Federal Reserve.