ZURICH, June 28 (Reuters) – The Swiss National Bank (SNBN.S), opens new tab bought foreign currencies worth 281 million Swiss francs ($312.47 million) in the first quarter of 2024, it said on Friday, reversing its recent policy of selling forex to strengthen the franc.
The amount of dollars, yen and euros bought contrasted sharply with the 22.7 billion francs in forex sold by the SNB in the October-to-December period.
The SNB declined to comment on Friday about the change in its approach.
Source: REUTER
