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SNB Stayed Out of FX Market as Franc Slumped in First Quarter

SNB Stayed Out of FX Market as Franc Slumped in First Quarter

Bloomberg30-06-2025
The Swiss National Bank continued to refrain from steering the franc at the beginning of the year, largely staying out of currency markets for a fifth consecutive quarter while the currency lost value against the euro.
The SNB bought foreign exchange worth just 49 million francs ($61 million) from January to March, according to data on Monday. That's in line with previous quarters, which saw Switzerland's central bank purchase comparably small amounts through all of 2024.
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