SNB Reports Loss as Dollar Slump From Trump’s Tariffs Hits Central Bank Portfolio

Spiegel

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With a deficit of 15.3 billion francs, the Swiss central bank made a gigantic loss in the first half of the year, with the weak dollar hitting the balance sheet.

Schweizer Radio und Fernsehen (SRF)

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Customs turbulence and the weak US dollar influenced the results of the Swiss National Bank.

trend.sk

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The extent of the loss was mitigated by an 11 percent appreciation in gold held by the financial institution.

rts.ch

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The foreign currency positions of the Swiss National Bank (SNB) led to a loss of 22.7 billion francs in the first half of the year, affecting its overall profit and loss, thus closing the first six months of the year with a negative result of 15.3 billion francs.