Swiss National Bank's foreign exchange reserves rose to 522.323 billion Swiss francs in March

Market news

7 April 2015

Swiss National Bank's foreign exchange reserves rose to 522.323 billion Swiss francs in March

The Swiss National Bank's foreign exchange reserves increased to 522.323 billion Swiss francs in March from 509.245 billion francs in February.

February's figure was revised down from 509.250 billion francs.

The increase was likely driven by a decline in the Swiss franc. The rise could also reflect the intervention by the central bank.

The SNB declined to comment if it may have intervened.

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Foreign exchange market. European session: the British pound traded mixed against the U.S. dollar after the better-than-expected services PMI from the U.K.

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