Switzerland to Report CHF20 Billion of Deficit for 202029 October 2020
Switzerland is set to report deficit of CHF20 billion for 2020, as its economy is at risk for another contraction due to second wave of coronavirus.
Is CHF Really Overvalued?27 October 2020
The SNB is fighting with too strong exchange rate of CHF with interventions – is really price of the Swiss franc overvalued? According to major indicators – yes, even by 26% versus USD, for instance.
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.