Switzerland and US sign currency manipulation prevention pact

Joint statement affirms commitment to avoid exchange rate manipulation while preserving SNB's monetary policy tools

Key Takeaways

AI

Switzerland and US signed a joint statement on macroeconomic and currency issues
The agreement reaffirms adherence to IMF and G20 principles on currency practices
SNB maintains right to intervene in foreign exchange markets as monetary policy tool
US previously labeled Switzerland as a currency manipulator

By The Numbers

39%

US tariff imposed against Switzerland

They Said

"Neither country uses exchange rates or the international monetary system for the purpose of preventing effective balance of payments adjustment or securing unfair competitive advantages"
— Joint Statement

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