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SNB targets summer market lull to weaken Swiss franc

LONDON, Aug 5 (Reuters) - Switzerland's interventionist central bank is using the window of opportunity created by a summer lull in global currency markets to push down the value of the Swiss franc with less effort and at lower cost. Data and price action support the view among traders that the Swiss National Bank has made several such moves in recent weeks. The franc is hovering near ...
Source: Reuters | By: Anirban Nag