Live EventsMANIPULATIVEas a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now! (You can now subscribe to our(You can now subscribe to our Economic Times WhatsApp channelThe Swiss National Bank may be a special case, but if you were looking for a switch in the behavior of central bank reserve managers in their currency preference, then the Swiss case is a curious vignette. The statement "confirms that foreign exchange market interventions are an important monetary policy instrument for the SNB in ensuring appropriate monetary conditions and thus meeting its statutory mandate with respect to price stability. "While that could be read as giving the SNB some wiggle room in its choice of currency intervention pair, it also underlines the sensitivity of the currency for Washington in trade talks.And most analysts assume one of the main goals of Donald Trump's broader trade policy is to weaken what the administration sees as a grossly overvalued dollar. And that may well have ripple effects across world markets.The opinions expressed here are those of the author, a columnist for Reuters

Source: The Times October 02, 2025 07:45 UTC