Weaker Franc Helps Swiss National Bank's Forex Reserves Rise

From money.usnews.com

The Swiss National Bank's foreign exchange reserves rose in October, central bank data showed on Monday, as the Swiss franc's depreciation helped reverse a sharp drop in September. The SNB held 817.16 billion Swiss francs ($821.27 billion) in foreign currencies at the end of October, compared with 806.11 billion francs in September, revised from an originally reported 807.13 billion francs. The SNB declined to comment on the change. Market participants have been watching the data for possible indications that the central bank is selling some of its dollars and euros to keep a lid on inflation by supporting the Swiss ... (full story)