ZURICH (Reuters) -The Swiss National Bank does not engage in currency manipulation, the central bank said on Friday, after the United States added Switzerland to a list of countries being monitored
Swiss National Bank Rejects Currency Manipulation Claims from U.S.
ZURICH (Reuters) -The Swiss National Bank does not engage in currency manipulation, the central bank said on Friday, after the United States added Switzerland to a list of countries being monitored for unfair currency and trade practices.
"The SNB does not engage in any manipulation of the Swiss franc," the SNB said after the publication of the U.S. Treasury Report on Thursday.
"It does not seek to prevent adjustments in the balance of trade or to gain unfair competitive advantages for the Swiss economy," it added.
(Reporting by John RevillEditing by Dave Graham)
