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NEWS

NEWS
SNB Spent CHF110 Billion on Forex Interventions in 2020

SNB Spent CHF110 Billion on Forex Interventions in 2020

23 March 2021

The Swiss National Bank has announced it spent CHF110 billion on foreign currency interventions last year, the highest level since 2011.

 

Big Swiss Banks’ Collapse No Longer Threat to Economy

Big Swiss Banks’ Collapse No Longer Threat to Economy

19 March 2021

The newest report of FINMA shows that “too big to fail” Swiss banks no longer pose huge threat to economy in case of collapsing.

EUR/CHF at Worst Level since March 2

EUR/CHF at Worst Level since March 2

17 March 2021

Selling tendency among investors triggered worst EUR/CHF exchange rate since March 2. Banks predicts rate for rest of 2021.

Swiss Economy to Grow 3% in 2021, Says SECO

Swiss Economy to Grow 3% in 2021, Says SECO

12 March 2021

Swiss economy will grow 3% in 2021, recovering after it contracted in 2020 due to the coronavirus pandemic and lockdown imposed.

 

Good Euro Swiss Franc Exchange Rate Allows SNB to Take a Breath

Good Euro Swiss Franc Exchange Rate Allows SNB to Take a Breath

08 March 2021

Swiss franc euro exchange rate has risen recently to a 20-month high, and it couldn’t come in more convenient moment for the SNB, that has been facing harsh critic from US economists,

 

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