SNB responds to its inclusion on US FX manipulation watchlist
Switzerland added back to the FX list
Comments from Swiss officials:
- Swiss don't manipulate currency for export advantage
- Interventions only motivated by monetary policy
- Objective for interventions is effect of too strong franc
- Interventions not intended to create unfair advantage
The US didn't even come close to naming them a 'currency manipulator' when they were outright and openly manipulating the currency, so they don't have any reason to worry now.