Swiss unemployment rate stable, inflation surge

The newest economy data from Switzerland brought bitter-sweet results as jobless rate remains quite stable, but inflation accelerated. Swiss Franc exchange rate showed mixed trading against major currencies ahead of unemployment rate results’ publication, but no major alteration should occur as the rate marginally missed expectations.

Euro gets weaker after a violently-marred Catalonia vote

The beginning of October saw the euro in not-so-great shape – the currency got weaker against the US dollar. EUR/USD pair was on 1,1730 at the lowest point during Monday, October 2nd. The main reason for that was the Catalonia independence vote conducted on Sunday. Any instability in the eurozone – both political and economic – prompts investors to sell euro and buy Swiss Francs, US dollars or Japanese yens instead.

What the heck is a hackaton?

It was a surprise to see a bit of a crowd at Technopark in Zurich, where our new office is located, when we arrived to work yesterday. It turned out that an interesting event called HackZurich was about to start. HackZurich is one of the largest and leading hackathons in Europe with the participation of over 500 talented young people from more than 50 countries.

But for those of you who haven’t heard about a hackathon, what is it exactly?

Joy and grief for the weaker franc

The general view is clear. A weaker Franc was long awaited with longing. Above all, politics and economy have specified this tone. But there are losers too.

The Swiss Franc is the strongest since lifting up the euro/franc minimum exchange rate

Over the past week the value of the Swiss Franc has declined rapidly. It is a continuation of a long-term trend which we have observed since mid-April.