Swiss National Bank losses less than estimated

13th August 2010, Comments 0 comments

UBS fund and higher gold prices help Swiss central bank Zurich, Switzerland - The Swiss National Bank, SNB, losses reached CHF2.8 billion in the first half of 2010, much less than the CHF4 billion estimated in July 2010. According to an SNB statement released on 13 August, the appreciation of the Swiss franc against the ...

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