On 1/15/2015, the Wall Street Journal wrote: "Switzerland's central bank triggered turmoil in the markets Thursday when

[answerhappygod]

On 1/15/2015, the Wall Street Journal wrote: "Switzerland's
central bank triggered turmoil in the markets Thursday when it
unexpectedly scrapped its cap on the Swiss franc's exchange rate
against the euro, a move that unleashed new volatility in credit
and currency markets around the world and further underscored
growing concerns about global economic prospects." What should we
expect to see happen to the euro/Swiss franc exchange rate
following the abandonment of the cap?
The euro should depreciate relative to the Swiss franc.
The euro should appreciate relative to the Swiss franc.