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Swiss National Bank Posts $5.9 Billion First-Quarter Profit on Gold, Currency Positions
Switzerland’s central bank on Thursday said it posted a 5.7 billion franc ($5.9 billion) profit during the first quarter, offsetting a portion of last year’s massive loss. Last quarter’s gain was driven by higher values in the central bank’s foreign—exchange positions and gold holdings. Foreign-exchange assets rose 1.2 billion Swiss…
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Click here to read the full story: Wall Street Journal