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A Confirmation of the Obvious as a Tactical Concession to the U.S.?
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A Confirmation of the Obvious as a Tactical Concession to the U.S.?
In a joint statement with the U.S. Treasury, the Swiss Federal Department of Finance (FDF) and the Swiss National Bank (SNB) reaffirm that Switzerland and the United States do not use exchange rates to gain a competitive advantage for their own economies. The statement could be part of a broader deal.
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