Switzerland September foreign currency reserves CHF 873.5 billion vs CHF 848.3 billion prior

Latest data released by the SNB - 7 October 2020

  • Prior CHF 848.3 billion; revised to CHF 848.6 billion

Swiss reserves continue to balloon higher and that supports the argument that the SNB is actively intervening in the market to limit the strength of the franc. This just accompanies the weekly sight deposits data, which provides a more 'real-time' on intervention.

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