The Federal Statistical Office publishes data on cross-border commuters in Switzerland07 March 2019
According to the new figures of the Federal Statistical Office, about 314,000 cross-border workers commuted to Switzerland at the end of 2018.
Swiss huge budget surplus exceeds expectations26 February 2019
The Swiss government announced a surplus of 2018 budget that is ten times bigger than forecasted. A huge amount of 2.9 billion Swiss Francs of surplus is still a preliminary figure. The difference between reality and expectations in terms of surplus is raising concerns.
Euro exchange rate falls as the eurozone economy slows down21 February 2019
The common eurozone currency slipped on Tuesday by 0.1 percent in exchange rate against the US dollar, as the economic slowdown denied the good influence of progress in the US-China trade talks that sent the euro up flying on Monday. Analysts expect tough week for the single currency.
Raising interest rates by the SNB – what’s the plan? How will it influence the Euro Franc exchange rate?11 February 2019
Negative interest rates are being kept by the Swiss Central Bank even though the crisis is over. Many economists and market analysts believe it is high time to decide on hike of interest rates, as the current SNB monetary policy is becoming questionable. However, taking this step comes with some risks.
„Flash crash” of Swiss Franc due to Japanese holiday11 February 2019
On Monday 11th February in the early hours, at the start of Asian trade, the exchange rate of Swiss Franc experienced what is called by analysts a “flash crash”. The rate of CHF against USD skipped and then rebounded, changing in total by one percent in just a matter of minutes.