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SNB has increased readiness to intervene in forex markets, chairman says

ReutersMar 24, 2026 5:31 PM

ZURICH, March 24 (Reuters) - The Swiss National Bank has increased its readiness to intervene in foreign currency markets to dampen appreciation pressure on the Swiss franc, SNB Chairman Martin Schlegel said on Tuesday.

The franc was sought as a safe-haven investment in times of uncertainty, with appreciation pressure rising since the escalation of the conflict in the Middle East, Schlegel said at an event in Zurich.

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