A picture illustration of Swiss Franc and Euro banknotes taken in central Bosnian town of Zenica, January 26, 2015. The amount of cash commercial banks hold with the Swiss National Bank rose the most... more 
A picture illustration of Swiss Franc and Euro banknotes taken in central Bosnian town of Zenica, January 26, 2015. The amount of cash commercial banks hold with the Swiss National Bank rose the most since at least March 2013 last week, suggesting the central bank intervened to keep the franc down despite scrapping a cap against the euro. Switzerland's central bank shocked financial markets 11 days ago by abandoning the three-year-old cap on the franc, a policy it later said would have cost 100 billion Swiss francs ($112.99 billion) to defend this month alone had it been maintained. The move sent the Swiss currency soaring against the euro and stocks plunging, a reaction the SNB said was overdone. In the week following the removal of the cap, sight deposits surged to 365.486 billion Swiss francs last week, up from 339.614 billion francs in the prior week, SNB data showed on Monday. REUTERS/Dado Ruvic (BOSNIA AND HERZEGOVINA - Tags: BUSINESS) less 
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Reuters | Photo By DADO RUVIC / REUTERS
Mon, Jan 26, 2015 6:23 AM EST