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SNB foregoes foreign currency sales for the time being: effects on the financial markets
According to the ZKB, the Swiss National Bank (SNB) is refraining from further foreign currency sales as a first step in view of the appreciation of the franc in recent weeks. The SNB had sold 37.6 billion francs of foreign currency in the third quarter, and balance sheet data shows sales continued in October and November. As a financial expert, it is important to analyze the possible impact of the SNB's decision on the market and the financial industry. The SNB's measures have a direct impact on the foreign exchange market and also on the Swiss economy in general. By refraining from further foreign currency sales, the value of the Swiss franc could remain high or even...
SNB foregoes foreign currency sales for the time being: effects on the financial markets
According to the ZKB, the Swiss National Bank (SNB) is refraining from further foreign currency sales as a first step in view of the appreciation of the franc in recent weeks. The SNB had sold 37.6 billion francs of foreign currency in the third quarter, and balance sheet data shows sales continued in October and November.
As a financial expert, it is important to analyze the possible impact of the SNB's decision on the market and the financial industry. The SNB's measures have a direct impact on the foreign exchange market and also on the Swiss economy in general. By foregoing further foreign currency sales, the value of the Swiss franc could remain high or even rise further. This would have an impact on the export economy, as a strong franc makes Swiss products more expensive abroad and could therefore affect the competitiveness of Swiss companies.
According to a report by www.cash.ch, the SNB's decision could also have an impact on Switzerland's monetary policy. A strong franc could dampen inflation in Switzerland and harm the SNB's goals. Investors and market participants will closely monitor further developments as they could impact their investment decisions.
The possible effects of the SNB refraining from further foreign currency sales will be closely monitored and analyzed, as they could have far-reaching consequences for the foreign exchange market, the economy and monetary policy.
Read the source article at www.cash.ch