Currency intervention in crisis that’s as sharp as a Swiss knife

They say as sharp as a razor, but have you met the Swiss? The Swiss are known as purveyors of distinct chocolates, true connoisseurs of the fine art of watch-making, among other accomplishments.

But how often does one come across the phrase as sharp as a Swiss army knife? In this case, in the markets, we are referring to the Swiss National Bank (SNB), which is as sharp as a tack for its spot-on currency intervention moves.