Analysts claim Swiss National Bank intervening to bring down franc value
Financial analysts believe the Swiss National Bank has been intervening strongly in the foreign exchange markets to bring down the value of the franc.
The Swiss currency has been climbing recently as investors seek a safe haven. Worries continue around Brexit, the government crises in Italy, uncertainty in Hong Kong and ongoing threats of trade wars.
The central bank doesn’t comment on its intervention strategy – but the amount of money sitting in the bank’s current account is up nearly CHF 4bn from last week. Experts believe this is a sign of heavy trading in the forex markets.