SNB ready to intervene in forex markets to curb franc
Chairman Martin Schlegel said today the SNB is ready to intervene against franc appreciation. Rising Middle East tensions have boosted its safe-haven appeal.
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The Swiss National Bank has signaled a heightened state of alert regarding the valuation of its national currency. Speaking at an event in Zurich, Chairman Martin Schlegel confirmed that the central bank is increasingly prepared to step into foreign exchange markets to mitigate the upward pressure on the franc.
