Swiss central bank shows Q3 profit of CHF5.8b despite high franc

31st October 2011, Comments 0 comments ZURICH / BERN, SWITZERLAND - The Swiss National Bank is showing a consolidated profit of CHF5.8 billion for the first nine months of the year, thanks primarily to gold prices. The profit was achieved despite an over-valued Swiss franc that caused losses of CHF4.7 billion. Other currency positions resulted in gains of CHF5 billion, giving [...]

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