USD Rallies as Nervous Situation with Virus Supports It
March 31, 2020As the coronavirus pandemic is spreading across the world and hitting hard Europe and the US now, the US dollar rallies against all major currencies and emerging markets’ currencies.
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SNB Keeps Interest Rates Unchanged
March 19, 2020Swiss National Bank kept interest rates at minus 0.75%, while also announcing plans to support the economy and make it easier for banks with limiting restrictions put on them in the wake of the coronavirus pandemic.
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Decline in Cross-Border Traffic as Switzerland Fights Coronavirus
March 18, 2020As Switzerland is taking more harsh measures to fight the spread of coronavirus, cross-border traffic is on the decline and some people get turned away at borders.
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CHF Gains on Coronavirus Scare; SNB Probably Intervened
February 24, 2020Coronavirus outbreak is spreading outside China, as many cases have been reported in Italy, South Korea. Safe haven assets gains, including CHF. Meanwhile it looks the SNB has intervened on currencies market.
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Swiss Industry Preparing for Coronavirus Impact. EUR CHF falls
February 10, 2020Industry and tourism sectors in Switzerland are bracing themselves for a possible economic impact of the coronavirus epidemic spreading from China, which is one of the biggest trading partners for the country. Meanwhile, the euro exchange rate continues to fall and is currently reaching a value of EUR CHF 1,067 which is close to the recently reached 3-year low.
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