Swiss National Bank and U.S. Treasury deny targeting exchange rates for competitive purposes, confirming they do not use rates to gain unfair advantage. SNB emphasizes interventions in forex markets are to maintain monetary conditions for price stability, not manipulation. UBS economist notes minimal SNB intervention despite franc’s strength against euro. SNB Chairman reaffirms focus on inflation target, denies interventions for trade advantage.

Read more at Yahoo Finance: Swiss National Bank reconfirms with US it doesn’t seek competitive edge via forex