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Swiss Respond to Removal From US Currency Manipulation List
The Swiss National Bank responded on Wednesday to the U.S. Treasury removing Switzerland from its monitoring list of countries that appeared to be manipulating their currencies. The SNB said it noted the decision, which came in the Treasury's semi-annual report into the currency policies of the United States' major trading partners. "Together with the Swiss authorities, the SNB remains in contact with the US authorities to explain Switzerland's economic situation and monetary policy," the SNB said in a statement on Wednesday. "We welcome these ongoing discussions." Switzerland had run into trouble with the U.S. after ... (full story)