NEWS

End of week of April 20 saw Swiss Franc reaching the CHF 1.2 threshold against the Euro. The weaker Swiss Francs against the Euro made the pair CHF/PLN hit the point not seen since Christmas 2014.

Russian oligarchs became uneasy after news of sanctions imposed by US on them and this resulted in Ruble’s huge troubles. But unlikely victim of the situation was the Swiss Franc, that hit the weakest point against the Euro since January 2015.

As Switzerland prepare for elections in cantons on April 15, once again cross border workers are one of the issue heavily talked about in the political built-up. Cross border workers are targeted by populist and conservative parties, especially in Geneva.

Swiss Financial Market Supervisory Authority FINMA chief Mark Branson has urged banks to do more to handle cyber threats, especially referring to security issues connected to digital currencies. Additionally, Tim Draper has given his opinion on Swiss recent idea to become a crypto nation.

Some of recently published data confirms Switzerland status as fintech hub, as well as its potential for becoming cryptocurrencies valley. In other news, a report on partial unemployment benefits, the solution which introduction in companies was eased in 2009, confirms the idea was good and indeed help saving jobs.