Euro edges higher but is held by dovish ECB’s expectations
July 15, 2019The euro exchange rate stayed on similar level against the US dollar with just slightly upper price, as investors fear for dovish results from the European Central Bank’s meeting next week and took a more bearish approach on the common currency. There are expectations for better euro’s recovery soon among analysts.
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Swiss industry and economy get affected by Europe’s struggles
July 12, 2019Many companies in Switzerland start to blame European economic slowdown, global trade turmoil, as well as woes in German’s car industry as reasons for their weaker sales and financial results. Brands influenced by Europe’s woes include, among others, EMS-Chemie Holding AG. Meanwhile OECD has revised the economic growth outlook for Switzerland downwards.
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Report on Swiss banks condition in 2018
July 10, 2019Commercial banks in Switzerland managed to hit higher profits in 2018, while mortgage loans reached CHF1 trillion level, as consumers took advantage of low interest rates – these are some of findings of the SNB report for 2018 on the condition of private banks’ – both domestic and foreign-controlled – industry.
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SNB to issue cryptocurrency? EUR CHF rate stable
June 27, 2019The operator of the Swiss stock exchange, SIX Group revealed it would like to see the Swiss National Bank issuing some form of cryptocurrency that would be used to settle payments on SIX’s new digital assets platform. SIX is about to launch the platform and is looking for a mean of settling transactions on it.
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Euro franc exchange rate has reached its lowest level in a year.
June 20, 2019The franc continues to get stronger against the euro. The euro franc exchange rate fell below the 1.1115 francs per euro today after 15:00, which is the lowest level since 2017.
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