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Swiss National Bank expects half-yearly loss of around 4 bln francs

Swiss National Bank expects half-yearly loss of around 4 bln francs

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Gerry Davies
21/07/2010 | 05:42 GMT
  • SNB increased its foreign currency investments by some 132 bln francs in first half of 2010
  • Sharp appreciation of franc, in particular against the euro, resulted in exchange rate losses of over 14 bln francs (and you think you have bad days!!!)

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