SNB Says Franc’s Decline Has Reduced ‘Significant Overvaluation’

The Swiss National Bank tweaked its formal view of the franc’s level, saying that the currency’s decline against the euro is helping curb its “significant overvaluation.” “Since the last monetary policy assessment, the Swiss franc has weakened against the euro and appreciated against the dollar,”...

SNB Says Franc’s Decline Has Reduced ‘Significant Overvaluation’