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The Swiss National Bank has posted a consolidated loss of 1.7 billion francs for the first quarter of this year.
Losses on foreign currency positions amounted to 2.6 billion francs.
Gold conversely saw a valuation gain of 0.8 billion francs.
According to the central bank the strong franc hurt foreign currency results, as it rallied against the euro, dollar and the yen.
In a statement the bank said the strong fluctuations are normal, adding that only provisional conclusions could be drawn on its full year result.