Swiss National Bank profits up in Q1 on dollar

Zurich, Switzerland GenevaLunch – A net profit of CHF1.9 billion for the first three months of 2011 at The Swiss National Bank was due largely to currency fluctuations, the central bank said Friday 29 April. The net result from foreign currency positions was CHF1.6 billion, while losses from Swiss franc holdings were CHF106 million. Euro …