Switzerland is not manipulating its currency: Official

From cnbc.com

Switzerland is not manipulating its currency, Jorg Gasser, the country's state secretary for international financial matters, told CNBC's "Street Signs" on Tuesday. That followed Switzerland being named last week as one of six countries on the "monitoring list" in the U.S. Treasury's semi-annual currency report on potential foreign-exchange manipulators. Switzerland met two of the three criteria to be named a manipulator, both in the most recent report and the previous one in October: It runs a material current account surplus and it engages in persistent, one-sided intervention in foreign exchange markets. It ... (full story)