Switzerland Added on US Treasury's Currency Manipulator Watch List
Despite the US Treasury adding the CHF on their Watch List, the CHF trades at its highest level in close to three years, against the EUR.
Swiss National Bank is tested to see if they will intervene or not.
Switzerland's intervention may be prompted more by the EUR/CHF cross than the $/CHF levels; hence it may be difficult for the US to prove that SNB is truly 'manipulating' their currency against the USD.
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