Latest news on swiss franc

Here are some of the latest news and developments related to the Swiss franc (CHF):

Currency Market

• The Swiss franc has been strengthening against the US dollar in recent weeks, driven by a combination of factors including a decline in global risk appetite and a rise in demand for safe-haven currencies. (Source: Reuters, March 2023)
• The CHF/USD exchange rate has been trading around 0.92-0.93, a level not seen since 2020. (Source: Bloomberg, March 2023)

Economic News

• Switzerland's economy is expected to grow at a slower pace in 2023 due to global economic uncertainty and a decline in exports. The Swiss National Bank (SNB) has forecast GDP growth of 1.5% in 2023, down from 2.5% in 2022. (Source: Swissinfo, March 2023)
• Switzerland's unemployment rate fell to 2.5% in February 2023, the lowest level since 1993. (Source: SNB, March 2023)

Monetary Policy

• The Swiss National Bank (SNB) has kept its key interest rate unchanged at -0.75% since 2015, citing the need to maintain a low interest rate environment to support the economy. (Source: SNB, March 2023)
• The SNB has also maintained its foreign exchange cap, which limits the value of the CHF against the euro, to prevent the currency from appreciating too quickly. (Source: SNB, March 2023)

Other Developments

• The Swiss government has announced plans to introduce a new tax on financial transactions, known as the "Swiss financial transaction tax", which is expected to come into effect in 2024. (Source: Swissinfo, March 2023)
• The Swiss banking sector is facing increased scrutiny from regulators and lawmakers over its role in facilitating tax evasion and money laundering. (Source: Financial Times, March 2023)

Forecasts

• Analysts at Credit Suisse expect the CHF/USD exchange rate to trade around 0.90-0.95 in the short term, driven by a combination of factors including global economic uncertainty and interest rate differentials. (Source: Credit Suisse, March 2023)
• Analysts at UBS expect the Swiss economy to grow at a slower pace in 2023, driven by a decline in exports and a rise in inflation. (Source: UBS, March 2023)

Please note that these are just some of the latest news and developments related to the Swiss franc, and are subject to change. It's always a good idea to stay up to date with the latest news and analysis from reputable sources before making any investment or financial decisions.