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Swiss National Bank's Record Purchase Amid Currency Fluctuations

9/30/2025

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Summary

Story summary

The Swiss National Bank (SNB) bought 5.06 billion francs in Q2 2025, largest quarterly total in over three years, amid franc appreciation after United States tariffs.
The franc rose 7% against the United States dollar and 2.2% against the euro in April.
A joint statement with the United States said neither country would manipulate currencies; SNB faces limited options.

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Story summary

The Swiss National Bank (SNB) bought 5.06 billion francs in Q2 2025, largest quarterly total in over three years, amid franc appreciation after United States tariffs.
The franc rose 7% against the United States dollar and 2.2% against the euro in April.
A joint statement with the United States said neither country would manipulate currencies; SNB faces limited options.