EUR CHF Exchange Rates Down as USD Strengthens
November 08, 2019EUR CHF exchange rates went down on Thursday and Friday after progress in China-US trade war triggered higher USD price. For the first time in 16 months there are signs of ending the war after both superpowers had agreed to scrap some tariffs.
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SNB Chief Says Rates Can Go Even Lower
November 04, 2019Further cut of interest rates may be on the cards according to the Swiss National Bank chairman Tomas Jordan, who spoke to NZZ am Sontag newspaper. Even though current, record low interest rates are being highly criticized by some industries, including banking one.
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SBA Urges SNB to Drop Negative Rates
October 30, 2019Once again, the Swiss Banker Association has urged the Swiss National Bank to drop negative rates policy as it has – according to bankers – more negative than positive effects. The SNB has published report on negative rates.
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First Hike in Swiss Wages in Three Years in 2020
October 28, 2019First in three years rise of real, average wages is expected in 2020 in Switzerland – by 1.1% pre-inflation and 0.9% taking inflation into the account. Surely it will further establish Switzerland’s position on the list of countries with highest-paid workers globally.
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EUR Expected to Recover Against GBP
October 25, 2019This week euro hit the lowest point in the exchange rate against the British pound in five months, but experts predict its recovery quite soon as Brexit chaos continue and there is a fresh risk of the UK elections that both will hurt GBP vastly.
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