Being franc on currency manipulation

|By:, SA News Editor

Switzerland is not manipulating its currency, Jorg Gasser, the country's state secretary for international financial matters, told CNBC.

"It's not so much about a strong Swiss franc. It's rather about a very weak euro." he said.

Switzerland was recently listed on the "monitoring list" in the U.S. Treasury's semi-annual currency report of potential foreign-exchange manipulators.

ETFs: FXF, EWL, SWZ, FSZ, HEWL