Swiss National Bank's Bold Euro Strategy Amid U.S. Trade Tensions

The Swiss National Bank (SNB) is revamping its currency reserves, prioritizing euros over dollars amidst U.S. trade tensions. This realignment reflects strategic euro purchases and aligns with the SNB's monetary policy goals, impacting global currency and financial markets.

The Swiss National Bank (SNB) has made a decisive move to shift its currency reserves from dollars to euros, driven partly by U.S.-Swiss trade tensions.

Amidst rising tariffs and accusations of currency manipulation from Washington, the SNB reported significant purchases of euros, prompting a realignment of its asset portfolio.

This strategic shift in reserves not only signifies the bank's response to international trade dynamics but also holds implications for global financial and currency markets.

(With inputs from agencies.)