June 07, 2012 at 09:26 AM EDT
SND Foreign-Currency Holdings Hit Record on Intervention
SND Foreign-Currency Holdings Hit Record on Intervention By Simone Meier June 7 (Bloomberg) — The Swiss central bank’s foreign- currency reserves surged to a record in May as the euro region’s increasing turmoil forced policy makers to step up their defense of the franc floor. Currency holdings rose to 303.8 billion Swiss francs ($318 billion) [...]
SND Foreign-Currency Holdings Hit Record on Intervention

By Simone Meier

June 7 (Bloomberg) — The Swiss central bank’s foreign- currency reserves surged to a record in May as the euro region’s increasing turmoil forced policy makers to step up their defense of the franc floor. Currency holdings rose to 303.8 billion Swiss francs ($318 billion) at the end of May from 237.6 billion francs in the previous month, according to a statement published on the Swiss National Bank’s website today. Walter Meier, a spokesman at the SNB in Zurich, said by telephone that a “large part” of the increase was due to currency purchases to defend the minimum exchange rate of 1.20 versus the euro.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here