U.S. markets open in 1 hour 8 minutes
  • S&P Futures

    3,264.25
    +0.75 (+0.02%)
     
  • Dow Futures

    26,340.00
    -69.00 (-0.26%)
     
  • Nasdaq Futures

    11,175.75
    +43.00 (+0.39%)
     
  • Russell 2000 Futures

    1,531.80
    -7.40 (-0.48%)
     
  • Crude Oil

    35.60
    -1.79 (-4.79%)
     
  • Gold

    1,873.70
    -5.50 (-0.29%)
     
  • Silver

    23.06
    -0.30 (-1.28%)
     
  • EUR/USD

    1.1704
    -0.0045 (-0.39%)
     
  • 10-Yr Bond

    0.7810
    0.0000 (0.00%)
     
  • Vix

    40.88
    +7.53 (+22.58%)
     
  • GBP/USD

    1.2937
    -0.0050 (-0.39%)
     
  • USD/JPY

    104.2710
    -0.0300 (-0.03%)
     
  • BTC-USD

    13,049.42
    -113.97 (-0.87%)
     
  • CMC Crypto 200

    257.82
    -14.87 (-5.45%)
     
  • FTSE 100

    5,563.12
    -19.68 (-0.35%)
     
  • Nikkei 225

    23,331.94
    -86.57 (-0.37%)
     

SNB Gets All Clear From BIS on Currency Interventions, NZZ Says

Marion Halftermeyer
·1 min read

(Bloomberg) -- Bank of International Settlements’ General Manager Agustin Carstens doesn’t consider the Swiss National Bank to be a currency manipulator, according to an interview with Neue Zuercher Zeitung.

Carstens told the Swiss newspaper the SNB is merely responding to loose monetary policy worldwide and using the purchases as a defensive measure in light of the large global demand for francs.

“The SNB isn’t pursuing an exchange rate target,” he also said.

In the interview published on Saturday, Carstens also said that the recent bout of dollar weakness was not a sign of the greenback ceasing to be the dominant global currency.

Read more:

SNB Interventions Soared to $98 Billion as Virus Roiled MarketsSNB’s Jordan Sees High Debt Risking Central-Bank IndependenceUBS Says U.S. Could Label Switzerland a Currency Manipulator

For more articles like this, please visit us at bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2020 Bloomberg L.P.