SNB & CHF

Vaccine passports have been implemented, or are being developed, in a number of countries around the world. In February 2021, Israel introduced its “Green Pass,” which becomes “effective the week after receiving the second dose” of the vaccine and expires after six months. It was followed by China, which launched its digital “International Travel Health Certificate” in March. Subsequently, in April, Denmark implemented its “Coronapas” and Estonia introduced its...

Swiss Franc The Euro has risen by 0.03% to 1.0944 EUR/CHF and USD/CHF, May 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The surge in consumer prices reported on Wednesday saw rates jump and the dollar push higher. Stronger than expected producer prices yesterday, and news of wage increases (average 10%) at Mcdonalds and for 75,000 people Amazon wants to hire, saw rates ease and the dollar’s upside...

Those with teenagers wishing for the greater travel freedom likely to come with proof of vaccination may have cause for hope. On 7 May 2021, Pfizer submitted an authorisation application to Swissmedic, Switzerland’s drug approval agency, for use of its vaccine against Covid-19 on those aged 12 to 15 years old. © Jovanmandic | Dreamstime.com - Click to enlarge The application asks for the authorisation of the vaccine, which is currently being used on adults in...

The Treasury department has issued its spending and revenue report for April 2021, and it’s clear the US government is headed toward another record-breaking year for deficits. According to the report, the US federal government collected $439.2 billion in revenue during April 2021, which was a sizable improvement over April 2020 and over March 2021. Indeed, April 2021’s revenue total was the largest since July of last year when the federal government collected 563.5...

Marc Chandler from Bannockburn Global Forex shares his thoughts on the response in currencies the USD and the stock markets following the CPI release this week. Bonds are also a standout for him. Marc Chandler has been covering the global capital markets for more than 30 years, including stints as the global head of currency strategy for both HSBC and Brown Brothers Harriman. Chandler recently joined Bannockburn Global Forex as a Managing Director and Chief Market Strategist in 2018. A...

Swiss Franc The Euro has fallen by 0.15% to 1.0957 EUR/CHF and USD/CHF, May 13(see more posts on Business, EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It is as if the bond vigilantes were pushed too far. US inflation is accelerating more than expected, and it cannot all be attributed to the base effect, and the Federal Reserve, to many investors, is tone-deaf. With powerful fiscal stimulus, nominal growth above 10%, and the...

Let me state from the outset, you won’t get a discount if you mention to your travel agent that you read this article when you book your trip to Switzerland this summer. But it will be nice to have you back; Switzerland – in line with much of Europe – is planning to open up to overseas visitors in a few short weeks. And since we haven’t seen you in a while, I expect you’ll be welcomed with open arms! I can assure you, the place hasn’t changed much. Of course, we have...

So hey there Corporate America, the Fed and your neofeudal cronies: take this job and shove it. This time it really is different, but not in the way the Wall Street shucksters are claiming. Conventional economists, politicos and pundits are completely clueless about the unraveling that’s gathering momentum beneath the superficial surface of “reflation” because they don’t yet grasp we’re entering an unprecedented new type of recession: a ‘Take This Job and Shove...

(Disclosure: Some of the links below may be affiliate links) We all want to pay lower taxes! When you fill your tax declaration in Switzerland, it is important to take advantage of all possible tax deductions. Tax deductions allow you to reduce your taxable income. Since your taxable income will directly drive the amount of taxes you are going to pay, it is essential to reduce it when possible. So, in this article, I want to go into detail about all the possible tax...

In any given year during the past decade in the United States, more than 2.5 million Americans have died—from all causes. The number has grown in recent years, climbing from 2.59 million in 2013 to 2.85 million in 2019. This has been due partially to the US’s aging population, and also due to rising obesity levels and drug overdoses. In fact, since 2010, growth rates in total deaths has exceeded population growth in every year. In 2020, preliminary numbers suggest a...