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Switzerland Signals Readiness to Intervene as Franc Rises on Turmoil

1 min read
Source: CNBC
Switzerland Signals Readiness to Intervene as Franc Rises on Turmoil
Photo: CNBC
TL;DR

The Swiss National Bank signaled it is increasingly willing to intervene in foreign exchange markets to prevent the Swiss franc from strengthening too much amid global turbulence and geopolitical tensions around Iran, a move that could draw renewed scrutiny from the U.S. over past currency-practices criticisms.

Topics:businessworld#currency-intervention#forex#snb#swiss-franc#switzerland#world
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  1. Switzerland risks the ire of the White House as it flags potential currency intervention  CNBC
  2. Swiss National Bank holds rates amid Iran war, watches franc strength  Reuters
  3. SNB Is About to Reveal Its Resolve on Franc Strength  Bloomberg.com
  4. Swiss National Bank Holds Key Rate as Franc Appreciation Concerns Persist  WSJ
  5. MORE SNB: 'GIVEN THE CONFLICT IN THE MIDDLE EAST THE SNB'S WILLINGNESS TO INTERVENE IN THE FX MARKET HAS INCREASED'  TradingView

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