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SNB Intervened to Halt Rush for Franc at Iran War Outbreak

SNB Intervened to Halt Rush for Franc at Iran War Outbreak
Bloomberg Markets Tuesday 30 June 2026, 07:03 UTC By Bastian Benrath-Wright 1 min read
Key Points

Central Banks SNB Intervened to Halt Rush for Franc at Iran War Outbreak The Swiss National Bank sold francs in the first quarter, intervening to stop the currency’s surge when the US and Israel started to attack Iran. Switzerland’s central bank purchased foreign exchange worth 3.9 billion francs ($4.8 billion) in the first three months of the year, it disclosed on Tuesday.

Central Banks SNB Intervened to Halt Rush for Franc at Iran War Outbreak The Swiss National Bank sold francs in the first quarter, intervening to stop the currency’s surge when the US and Israel started to attack Iran. Switzerland’s central bank purchased foreign exchange worth 3.9 billion francs ($4.8 billion) in the first three months of the year, it disclosed on Tuesday. Analysts at UBS Group AG reckon most of that occurred in March after the outbreak of the war.
SNB Intervened (ORG) Iran War Outbreak Central Banks SNB Intervened (EVENT) Iran War Outbreak (EVENT) US (LOCATION) Israel (LOCATION) Iran (LOCATION) Switzerland (LOCATION) UBS Group AG (ORG)
Originally published by Bloomberg Markets Read original →

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