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Swiss central bank pulls off euro sleight of hand

Posted on 01 November 2012

The Swiss National Bank has pulled off what was thought to be a near-impossible trick: unloading billions of euros without the wider market noticing.
Switzerland’s central bank said Wednesday that the proportion of its currency reserves held in euros fell to 48% at the end of September, down from 60% at the end of June, indicating that it aggressively sold euros for other currencies throughout that time, most notably in favor of sterling and dollars………………………………………..Full Article: Source


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