Bloomberg News

Franc Stays Weaker After SNB Says Foreign-Currency Holdings Fell

November 04, 2011

Nov. 4 (Bloomberg) -- The Swiss franc stayed weaker against the euro and the dollar after the nation’s central bank reported foreign-currency holdings fell in October.

The franc traded 0.5 percent lower against the euro at 1.2191 at 8:05 a.m. London time, and depreciated 0.6 percent to 88.34 centimes per dollar.

The Swiss National Bank’s foreign-currency holdings, calculated according to International Monetary Fund standards, declined to 242.7 billion francs at the end of October from 282.2 billion francs at the end of September, the SNB said on its website today.

To contact the reporter on this story: Daniel Tilles in London at dtilles@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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