SNB euro holdings jump again in April-paper

* SNB buys around another 14 bln euros in April

* Highlights SNB committed to capping Swiss franc rise

ZURICH, May 2 (BestGrowthStock) – The Swiss National Bank boosted
its euro holdings by around 14 billion euros in April, Swiss
newspaper NZZ am Sonntag reported on Sunday, as the central
bank stuck to its pledge to cap a rise of the Swiss franc
against the euro.

The jump comes after the SNB’s euro holdings rose over 19
billion euros to 56.4 billion euros during the first three
months of the year when they rose at the fastest pace since the
SNB launched its interventions just over a year ago.
[ID:nLDE63K0FP]

Traders have suspected the central bank of selling francs
in recent weeks as it seeks to prevent an excessive rise of the
Swissie against the euro, which is facing pressure as a result
of worries about debt in southern Europe.

The franc has traded in a tight range against the euro,
hovering around the level of 1.43 per euro during most of April
(EURCHF=: ).

SNB Chairman Philipp Hildebrand said on Friday the SNB was
sticking to its fight to prevent an excessive rise in the franc
as a strong appreciation triggered by the debt crisis in the
euro zone could pose deflation risks. [ID:nLDE63T0P7]

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(Reporting by Katie Reid, editing by Martin Golan)

SNB euro holdings jump again in April-paper