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Swiss National Bank Intervention in EURCHF

May 20th, 2010 Michael McDonough

According to Bloomberg:

 SNB Vice Chairman Thomas Jordan said earlier today that the central bank has “countered” pressure on the franc during the financial crisis. “During the financial crisis, there has been much pressure on the Swiss franc which appreciated,” Jordan said in Wettingen, Switzerland. “The SNB has countered that pressure so that until now we haven’t seen an excessive appreciation of the Swiss franc.”

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