We know their EUR/CHF P&L will be zero but we don’t know how they fared in their diversification efforts. Presumably they were okay as the dollar rose during the first half of the year, GBP has been stable and the commodity currencies underpinned.The results are set for release at 05:30 GMT.
We should get their reserve totals early next week. As of the end of June, the SNB held CHF 365 worth of foreign currency.
