NEWS

                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.

USD exchange rate got steady on Wednesday, after jumping initially the day before when higher demand for safe-have assets was observed.

                How Swiss private banking sector was doing during the pandemic of COVID-19? Some wealth managers reported great results for 1st half of the year, as coronavirus boost demand for banking services.

The SNB responded to public criticism of its interventions on foreign markets, and wowed to continue undertaking them in order to keep CHF exchange rate from getting too strong.