📝SNB Balance Sheet Data Suggests No Q2 FX Intervention: UBS

The Swiss National Bank bought CHF1D3 mn ($122.34 mn) of foreign currencies in the second quarter of 2024, a decline from the CHF281 mn francs bought in first quarter of 2024. Overall the level suggests little or no FX intervention during the quarter; UBS Research had already estimated from the June monthly balance sheet data that the SNB did not intervene in Q2. - UBS