U.S. Treasury Has Switzerland in Its Sights
- U.S. Treasury’s semi-annual report looks at currency practices
- SNB isn’t engaging in competitive devaluation, Jordan has said
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Switzerland was again included among the countries singled out by the U.S. Treasury for the value of their currencies and exports.
That could make life more complicated for the Swiss National Bank, which has used foreign exchange interventions for the better part of a decade to counter an overvalued currency that risked tipping the economy into a recession.