SNB's sight deposit holdings rise by second-highest level in 12 months
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ZURICH (Reuters) - The Swiss National Bank's sight deposit holdings increased again last week as the central bank intervenes in currency markets to weaken the Swiss franc, while also taking steps to support the economy during the coronavirus pandemic.Total sight deposits - money that commercial banks park overnight with the SNB - rose to 627.165 billion Swiss francs (521.76 billion pounds) from 620.455 billion francs in the previous week.The increase was less than the 11.6 billion francs rise..