Wednesday, May 5, 2010

SNB: No Comment On Speculation It Intervenes In Forex Market

DJ SNB: No Comment On Speculation It Intervenes In Forex Market
ZURICH (Dow Jones)--The Swiss National Bank Wednesday declined to comment on speculation that it continues to sell Swiss francs to stabilize the currency against the euro. "We don't comment on market rumors," an SNB spokesman said. The SNB is believed to have intervened in the foreign exchange market in the past couple of days, selling Swiss francs to prevent the euro from sliding below CHF1.43

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