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Euro fell half a percent after three days in a row climb as ECB announced its cautious QE move

Euro fell half a percent after three days in a row climb as ECB announced its cautious QE move

26 October 2017

The good run of the euro has abruptly came to an end on Thursday afternoon, after the European Central Bank had finally announced its decision on continuation of loose monetary policy that has been conducted for years now. The cautious move of halving the stimulus, saw EUR/USD exchange rate fell to 1.1722 dollars.

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Swiss Franc hits the lowest point since Jan. 2015 against Polish Zloty

Swiss Franc hits the lowest point since Jan. 2015 against Polish Zloty

19 October 2017

On Wednesday, 18th October, the exchange rate of CHF/PLN hit the lowest point in 33 months as it got below 3.66 zlotys at some point of the day. The downfall started on Tuesday, 17th, with buy Swiss Franc price being below 3.67 zlotys at some point during daily trading.

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Swiss unemployment rate stable, inflation surge

Swiss unemployment rate stable, inflation surge

10 October 2017

The newest economy data from Switzerland brought bitter-sweet results as jobless rate remains quite stable, but inflation accelerated. Swiss Franc exchange rate showed mixed trading against major currencies ahead of unemployment rate results’ publication, but no major alteration should occur as the rate marginally missed expectations.

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Euro gets weaker after a violently-marred Catalonia vote

Euro gets weaker after a violently-marred Catalonia vote

02 October 2017

The beginning of October saw the euro in not-so-great shape – the currency got weaker against the US dollar. EUR/USD pair was on 1,1730 at the lowest point during Monday, October 2nd. The main reason for that was the Catalonia independence vote conducted on Sunday. Any instability in the eurozone – both political and economic – prompts investors to sell euro and buy Swiss Francs, US dollars or Japanese yens instead.

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What the heck is a hackaton?

What the heck is a hackaton?

16 September 2017

It was a surprise to see a bit of a crowd at Technopark in Zurich, where our new office is located, when we arrived to work yesterday. It turned out that an interesting event called HackZurich was about to start. HackZurich is one of the largest and leading hackathons in Europe with the participation of over 500 talented young people from more than 50 countries.

But for those of you who haven’t heard about a hackathon, what is it exactly?

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