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SNB earns H1 exchange rate profit of CHF 100m

Reuters out with the results of the Swiss National Bank's (SNB) Swiss franc holdings for the first half 2017:

H1 profit of 1.2B CHF

H1 exchange rate profit of 100m CHF

Q2 loss of 6.7B

40% holdings in EUR, 35% in USD, 8% JPY, 7% GBP

Net result of CHF positions 0.9B, largely from negative interest on sight deposits

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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