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Home > Headlines > Swiss National Bank denies currency manipulation after being put on U.S. watch list

Headlines

Swiss National Bank denies currency manipulation after being put on U.S. watch list

Published by Global Banking and Finance Review

Posted on June 6, 2025

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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)

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