US TREASURY WATCHING IF SWITZERLAND IS GAMING CURRENCY !!!!!!!!!!

The US Treasury has placed the Swizz Bank on its bi-annual watchlist, for currency & export manipulation. The  Treasury indicates that within the  year Switzerland National Bank, has intervened and engaged in a major surplus s in trade amongst  the USA

 

The Swizz National Bank has used interventions in the past to devalue the currency against the dollar, that has helped their exports of goods and services and it has helped their currency.

The Swizz Natinonal Bank has indicated that they are not gaming or manipulating the currency but are trying to take pressure off the currency. -SB

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