75 days ago • Posted by Martin Boujol
The United States labels Switzerland as a currency manipulator
The balance sheet of the Swiss National Bank has risen 13% year-to-date. The US Treasury accuses the SNB to hold its currency lower to prevent "effective balance of payments adjustments”. This causes unfair competition, according to the US. In the end we may ask: is it a fair accusation? is not every country the manipulator of its own fiat currency?
>Source: Bloomberg, the Financial Times