SNB Sold Currencies in Final Quarter in Potential Buoy for Franc

The Swiss National Bank sold a small amount of foreign exchange at the end of last year, slightly reducing its balance sheet while risking a strengthening in the franc.

Switzerland’s central bank reduced its foreign currency holdings by 6 million francs ($7.5 million) during the fourth quarter, it said on Tuesday. Based on the institution’s full-year tally, the balance sheet had looked little changed.