SNB Denies FX Manipulation After US Treasury Puts Swiss on List
The Swiss National Bank denied being a currency manipulator after the US Treasury added Switzerland to a list of economies it is closely monitoring over foreign-exchange practices.
'The SNB does not engage in any manipulation of the Swiss franc,' it said in an emailed statement. 'It does not seek to prevent adjustments in the balance of trade or to gain unfair competitive advantages for the Swiss economy.'
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