Swiss Central Bank Seeks 24-Hour Franc Control Via Singapore

The SNB, which imposed a 1.20 per euro limit on the soaring franc in 2011 to prevent a recession and deflation, has had to intervene heavily to keep the lid on the currency, swelling foreign exchange reserves to 72 percent of national output. “A local presence will allow the SNB to extend its cov…

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Swiss Central Bank Seeks 24-Hour Franc Control Via Singapore

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