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SNB reports a Q1 profit of CHF 5.7bln

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

  1. ForexLive

    ForexLive Forum Member

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    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.

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