Swiss National Bank to Sell Part of Its $100 Billion Worth US Stocks?23 October 2020
If 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 202021 October 2020
The 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.
Swiss Economy To Recover At The End of Next Year15 October 2020
According to a new forecast by Swiss government, the country’s economy will recover sooner than expected before – it should come to level pre-pandemic at the end of next year.
USD Hit Three-Weeks Low As Odds for Biden Win Are Up09 October 2020
USD exchange rate hit the lowest point in three weeks on Friday and was on the way to record second week of losses in a row, as Biden is more likely to win elections, according to some polls.