Swiss central bank posts 50.1 bln Sfr first-half loss

July 31, 2015 5:38 AM

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ZURICH, July 31 Switzerland's central bank posted a first-half loss of 50.1 billion Swiss francs ($51.79 billion) on Friday, after the strength of the franc against the euro inflicted hefty losses on its holdings of the single currency.

The Swiss National Bank (SNB) stunned financial markets in January by abandoning its cap on the value of the franc versus the euro, but has continued to intervene in foreign exchange markets in a bid to weaken the franc.

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