✉news BusinessBanking first seen 4 h ago, last 25 min ago, peak #5

Swiss National Bank Kept Selling Francs in Second Quarter

Original: SNB Continued Franc Sales in Second Quarter, Stemming Flows

The Swiss National Bank continued selling Swiss francs during the second quarter, a move that helped stem unwanted currency inflows. The franc sales signal the bank remains active in foreign exchange markets to limit appreciation pressure on the currency, which has been a persistent policy concern for Switzerland's export-reliant economy.

Why now: Traders and economists follow SNB currency intervention closely as it signals the bank's stance on franc strength and monetary policy.

Swiss National BankSwiss francSwitzerland

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• SNB Continued Franc Sales in Second Quarter, Stemming Flows · Bloomberg.com

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