Increase In Swiss FX Reserves Hints At Intervention

Moderator: moderators
rank: 10000+ posts
rank: 10000+ posts
Posts: 10494
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 2
Gender: None specified

Increase In Swiss FX Reserves Hints At Intervention

Postby » Thu May 05, 2016 12:55 pm

Foreign currency reserves held at the Swiss National Bank are reported to have increased in April, implying that the central bank might have intervened in markets in an attempt to weaken the franc by purchasing assets denominated in other currencies.

The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

Data released by the central bank showed that foreign reserves amounted to 587.57 billion Swiss francs ($607 billion) last month, an increase of 11 billion francs compared with March.

Peter Rosenstreich, head of market strategy at Swissquote confirmed ... (read more)

Please add to your ad blocker white list.
Thank you for your support.

Return to “news”