NEWS

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.

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.

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.

                The Swiss Parliament adopted at the end of September new legal framework regarding to DLT technology, which will make operating easier for fintech companies.

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.