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Swiss National Bank takes gas off forex purchases during Q3 -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO A view of the Swiss National Bank building in Zurich (Switzerland), December 16, 2021. REUTERS/Arnd Wiegmann

ZURICH (Reuters – According to Friday data, the Swiss National Bank had spent 2.79 Billion Swiss Francs ($3.05 Billion) on foreign currencies in the third quarter. This was despite the steady rise of value for the safe haven franc.

This figure is lower than that of the SNB’s 5.44 billion Francs in April and June, and it was also less than its 10.97 billion francs expenditure during the third quarter 2020.

($1 = 0.9145 Swiss francs)

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