SNB Continued Franc Sales in Second Quarter, Stemming Flows
7 Articles
7 Articles
SNB Continued Franc Sales in Second Quarter, Stemming Flows
As in the first quarter, the SNB was active in the foreign exchange market by purchasing foreign currencies. However, the amounts at stake were lower than those recorded at the beginning of the year, after the outbreak of the war in Iran and the surge in the franc.While reducing its speed, the Swiss National Bank (SNB) remained active in the foreign exchange market in the second quarter.It bought foreign currencies worth 1.4 billion francs, acco…
The SNB has purchased foreign currencies to stabilize the Swiss franc, which has thus depreciated by 3% in a few months. The central bank, which maintains its rate at 0%, estimates that this weakness is favored by the gap with the large economic zones.
The Swiss National Bank (SNB) continued to sell francs in the second quarter, following its “increased readiness” to intervene in the market against the stronger currency. Swiss central bankers bought 1.437 billion francs ($1.7 billion) worth of foreign currency from April to June, according to foreign exchange transaction statistics published on September 30. The amount is more than […]
The Swiss National Bank has released its data for the second quarter of 2026. According to the data, the bank injected 1.44 billion Swiss francs, approximately $1.73 billion, into the market during the April-June period...
The Swiss National Bank (SNB) also intervened in the foreign exchange market again in the second quarter. However, the level of intervention was lower than in the previous quarter.
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