ZURICH, June 28 (Reuters) – The Swiss National Bank (SNBN.S), opens new tab bought foreign currencies worth 281 million Swiss francs ($312.47 million) in the first quarter of 2024, it said on Friday, reversing its recent policy of selling forex to strengthen the franc.
The amount of dollars, yen and euros bought contrasted sharply with the 22.7 billion francs in forex sold by the SNB in the October-to-December period.
The SNB declined to comment on Friday about the change in its approach.
Source: REUTER
Post a comment
Related Posts
June 28, 2024
Rapid rise in derivative trading in India could pose several challenges, says cenbank report
MUMBAI, June 27 (Reuters) – A rapid rise in derivative trading volumes in India could…
June 28, 2024
Swiss National Bank switches to forex purchases in first quarter
ZURICH, June 28 (Reuters) – The Swiss National Bank (SNBN.S), opens new tab bought foreign currencies worth…
June 28, 2024
EU regulators to decide on $14 bln HP-Juniper deal by Aug. 1
BRUSSELS, June 28 (Reuters) – EU antitrust regulators will decide by Aug. 1 whether to…
June 28, 2024
EU watchdog calls out banks for inflating capital buffers
LONDON, June 27 (Reuters) – Banks in the European Union could be inflating the value…
