The Swiss National Bank (SNB) raised the policy rate by another 50bp at today’s meeting. With this hike, the rate has reached 1%, a stunning development for the Swiss economy and the Swiss franc, cons...
Tag: Franc
Is it safe to buy the Swiss franc after SNB hiked 50bp?
The trading week is not over yet, but financial market participants might as well say that this is, so far, the most interesting trading week in years. Major central banks appear to have coordinated t...
USD/CHF forecast as the Swiss franc sell-off accelerates
The Swiss franc relentless crash continued on Monday. The USD/CHF pair has risen in the past seven straight weeks and is trading at the highest point since May 2019. Similarly, the EUR/CHF pair has ri...
Switzerland: Testing of digital franc in joint operation with 5 banks ends ‘successfully’
It is no surprise that central bank digital currency (CBDC) will be a game-changer for international and local businesses. Then regulators, consumers, and other stakeholders. Basically, CBDC is a digi...