NEWS

Swiss voters have rejected both proposals in the national voting – the Responsible Business Initiative and the ban on investing in defence companies. The second veto means a relief for the SNB.

On November 28th we will introduce a new customer panel. The design will be updated, but all previous functions will remain.

We hope you enjoy it.

Swiss watch export industry is reporting the worst year in 80 years, whereas Swiss government prepares financial economic aid.

The global coronavirus pandemic has proven that Swiss Franc is still very much a safe-haven currency, as it keeps on getting strong this year versus euro or – even more – versus US dollar. The SNB spent more on interventions than in past years.

CHF exchange rate was up on Friday, as optimism over COVID-19 chilled and investors’ risk appetite disappeared. On Monday good mood came back to markets, but CHF was still strong.