Swiss respond to removal from US currency manipulation list

<p>Swiss respond to removal from US currency manipulation list</p><p><a href="https://piqsuite.com/reuters/swiss-respond-to-removal-from-us-currency-manipulation-list" target="_blank" rel="nofollow">FULL STORY</a></p><p>The Swiss National Bank responded on Wednesday to the U.S. Treasury removing Switzerland from its monitoring list of countries that appeared to be manipulating their currencies.</p><p>Switzerland had run into trouble with the U.S. after the SNB's massive purchase of foreign currencies, designed to weaken the safe haven franc as it surged in value. </p><p>The SNB has since changed course, allowing the franc to weaken as a tool to dampen imported inflation.</p>

This article was written by Ryan Paisey at www.forexlive.com.