NEWS
CHF Down Vs Major Currencies Before US Elections
03 November 2020The Swiss Franc has recorded lower exchange rate versus major currencies on Tuesday, as it was hurt by negative correlation to USD before US elections. Also, the influence were not so good Swiss economy data.
Switzerland to Report CHF20 Billion of Deficit for 2020
29 October 2020Switzerland is set to report deficit of CHF20 billion for 2020, as its economy is at risk for another contraction due to second wave of coronavirus.
Is CHF Really Overvalued?
27 October 2020The SNB is fighting with too strong exchange rate of CHF with interventions – is really price of the Swiss franc overvalued? According to major indicators – yes, even by 26% versus USD, for instance.
Swiss National Bank to Sell Part of Its $100 Billion Worth US Stocks?
23 October 2020If public voting bans investing of public money in defense companies, the Swiss National Bank will be forced to sell some part of its $100 billion worth portfolio of US stock.
Swiss Franc Remains the Best Performing Currency of 2020
21 October 2020The Swiss Franc remains the best performing major currency of this year, even though it has periods of underperformance on intraday basis, like last Friday. The SNB is likely to intervene again to keep EUR CHF above low levels.