Core Viewpoint - The Swiss National Bank (SNB) has conducted its largest Swiss franc sell-off in over three years to counteract the currency's surge due to U.S. tariff policies, purchasing 5.1 billion Swiss francs (approximately 6.4 billion USD) in foreign exchange during the second quarter [1] Group 1 - The SNB's intervention marks the end of a 15-month hiatus in market interventions, reflecting increased market volatility since the announcement of "reciprocal tariffs" by Trump on April 2 [2] - Between April and June, the Swiss franc appreciated approximately 10% against the U.S. dollar and about 2% against the euro [2] - A joint statement from Switzerland and the U.S. emphasized that neither country would manipulate their currencies for economic advantage, with the SNB focusing on price stability [2] Group 2 - The SNB's President, Thomas Jordan, reiterated that the interventions aim to prevent excessive inflation, indicating a cautious approach in negotiations with traders [3] - Following the reduction of borrowing costs to zero, the SNB faces a choice between increasing currency purchases or introducing negative interest rates, but no such measures were taken in the recent policy decision [3] - The SNB publishes its trading data quarterly, with the data for July to September set to be released on December 31 [3]
瑞士央行三年来最大规模抛售瑞郎 应对美国关税冲击
智通财经网·2025-09-30 08:21