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Swiss National Bank reports a consolidated loss of CHF 1.7 billion for the first quarter of 2012

Swiss National Bank reports a consolidated loss of CHF 1.7 billion for the first quarter of 2012

Central Banks
Gerry Davies
30/04/2012 | 05:28 GMT
  • Losses on foreign currency positions amounted to CHF 2.6 billion for the first three months of the year
  • Net result on foreign currency positions of CHF -2.6 billion was largely due to exchange rate losses

EUR/CHF remains steady at 1.2015.

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