✉news BusinessBanking first seen 8 h ago, last 4 h ago, peak #14

Swiss central bank sells francs to counter haven effect

The Swiss National Bank has been selling francs to counter the currency's tendency to strengthen as investors seek safety, a move aimed at protecting Switzerland's export-driven economy from an overvalued franc. Swissinfo reports on the policy, highlighting the tension between the franc's haven status during uncertain times and the pressure that appreciation puts on Swiss exporters and price stability.

Why now: Investor demand for safe-haven francs is putting the currency under appreciation pressure, prompting the central bank to intervene.

Swiss National BankSwitzerlandSwiss franc

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• Swiss central bank sells francs to counter haven effect · SWI swissinfo.ch
• Swiss central bank sells francs to counter haven effect · SWI swissinfo.ch

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