SNB reported CHF 6.8B loss in Q1 of 2018.That includes CHF 7.0B loss on currency positions and CHF 0.2B loss on gold holdings. The losses were partly offset by CHF 0.5B gain in Swiss Franc positions, mainly from negative interest rates.
Current allocations in the foreign exchange reserves were largely unchanged.
- USD holdings unchanged at 35%
- EUR holdings dropped to 39% vs 40% prior
- GBP holdings unchanged at 7%
- JPY holdings unchanged at 8%
- CAD holdings unchanged at 3%
