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Swiss Franc Weakens as SNB Holds Steady on Currency

6/30/2025

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Summary

Story summary

The Swiss National Bank (SNB) refrained from intervening in currency markets for the fifth consecutive quarter.
During this time, the Swiss franc weakened against the euro.
Between January and March, the SNB acquired 49 million francs ($61 million) in foreign exchange.
This pattern of limited purchases is consistent with earlier quarters in 2024.

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Story summary

The Swiss National Bank (SNB) refrained from intervening in currency markets for the fifth consecutive quarter.
During this time, the Swiss franc weakened against the euro.
Between January and March, the SNB acquired 49 million francs ($61 million) in foreign exchange.
This pattern of limited purchases is consistent with earlier quarters in 2024.