The following post is based on research from Arnaud Masset, Market Analyst at Swissquote Group Holding SA (SWX:SQN). For more of Arnaud’s…
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Swiss National Bank action on January 15 cost it CHF 41 billion
The SNB’s just-released Q1 report shows an overall loss of CHF 30 billion ($31 billion), almost all due to foreign currency action.
Read MoreSwiss National Bank to report 9 CHF billion loss on FX reserves for 2013
The sharp drop in gold prices is to blame for the underperformance of the bank’s FX portfolio last year The Swiss National…
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