SNB fx reserves rise in August according to IMF standards 7 Sept 2016
SNB intervention to weaken the franc reflected in its fx reserves increase.
- SDRs 4.461bln vs 4.423bln prev
- Gold holdings at market value 43.07bln vs 43.546bln prev
Some gold sales thrown in for good measure too.
Full SNB report here.
USDCHF on the rise at 0.9697 as general USD demand kicks back in.