NEWS

The SNB responded to public criticism of its interventions on foreign markets, and wowed to continue undertaking them in order to keep CHF exchange rate from getting too strong.

USD exchange rate versus other currencies hit two-month high on Thursday, as Europe, US are dealing with spike in coronavirus cases and FED appeals to US govt for economic aid.

Swiss crypto-bank Sygnum will soon be able to launch digital asset trading platform after this fintech company received approval from Finma.

On Friday euro recorded small gains in exchange rate versus US dollar, which means it is up for a second week in a row. USD rate was hit by bad economic data.

Swiss Parliament has approved new development aid budget for Middle East, Eastern Europe, Sub-Saharan Africa and parts of Asia – bigger by CHF147 million than previous one.