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SNB ready to intervene in currency markets after U.S. election
The Swiss National Bank stands ready to intervene in the currency markets if the outcome of the U.S. election triggers a rush into the safe haven currency, a member of the central bank's governing board said on Monday. Andrea Maechler declined to comment on the outcome of the election or how it would affect the Swiss franc or financial markets. But "the uncertainties are large," she said in an interview with Swiss TV to be broadcast on Monday evening. ADVERTISING inRead invented by Teads "What I can say is just like with the Brexit vote, we are ready," Maechler said. "My team is prepared and the Swiss National Bank ... (full story)
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