Swiss Govt: SNB’s currency purchases not aimed at devaluing Swiss franc to gain export advantage

Dhwani Mehta FXStreet

Reuters reporting latest headlines from the Swiss Government, responding to the US treasury report published last Friday, which showed that Switzerland appeared on the currency manipulation list.

Main Headlines:

SNB follows its own independent monetary policy

Currency purchases not aimed at devaluing Swiss franc to gain export advantage

Acknowledges Switzerland appearing on the US currency manipulation monitoring list but has no immediate consequences

Author

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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