Have the safe-haven flows into Switzerland stopped? New data shows the SNB's foreign-exchange...

|By:, SA News Editor

Have the safe-haven flows into Switzerland stopped? New data shows the SNB's foreign-exchange reserves fell for the first time in 8 months in October, suggesting the bank did not have to hoover up euros to keep in force the CHF1.20 floor. The cross currently stands at CHF 1.2065.