Source: Financial Times [UK]
“Switzerland has agreed with the US that it will not manipulate its currency, in a rare joint statement widely seen as a ‘green light’ for further intervention by the country’s central bank to restrain a rise in the franc. The Swiss National Bank and the US Treasury on Monday issued a declaration formally aligning their views on foreign exchange matters, with both countries promising not to ‘target exchange rates for competitive purposes.’ The statement also recognised that market interventions are a valid tool for addressing currency volatility or ‘disorderly’ moves in exchange rates.” (09/29/25)