SNB reports a Q1 profit of CHF 5.7bln

Discussion in 'Fundamental Analysis' started by ForexLive, Apr 28, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Swiss National Bank out with their Q1 2016 results 28 April - valuation gain of CHF 4.1bln on gold holdings - forex positions +CHF 1.2bln - CHF appreciation resulted in total exchange rate losses of CHF 6.9bln since Jan 2015 The news will cheer the SNB shareholders but the figures are not surprising given the SNB/market's intervention to drive EURCHF higher.

    Continue reading...

Share This Page

free forex signals