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SNB & CHF

Here’s why you can travel to China visa-free with a Swiss passport | #switzerland #china #visa

Did you know that Switzerland has joined a handful of European countries that China is granting visa-free access to visit? Why? Mainly because China is trying to open up its economy after years of Covid isolation by facilitating more cross-border exchanges. Are you considering taking advantage of this? Beijing is also seeking closer ties with Europe to attract more visitors and foreign investment. Tap here to read more about Swiss-Chinese relations 👉...

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Gold price remains on the defensive below 50-day SMA amid reviving USD demand

Gold price remains confined in a narrow band heading into the European session.  Hawkish Fed expectations underpin the USD and act as a headwind for the metal. The downside seems limited ahead of the crucial US PCE Price Index on Thursday.  Gold price (XAU/USD) extends its sideways consolidative price move around the 50-day Simple Moving Average (SMA) on Wednesday as traders await fresh catalyst before positioning for the next leg of a directional move. Hence, the...

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This Day in History – Switzerland recognises Kosovo’s independence | #switzerland #kosovo

Exactly 16 years ago, the Swiss government joined the United States, the United Kingdom, Germany and others in recognising Kosovo’s independence from Serbia. February 27 became a joyous day for Kosovars in Switzerland but less so for Swiss-based Serbs. Around 250,000 people of Kosovo origin live in Switzerland. The bond between Kosovo and Switzerland remains strong, encompassing political and economic ties, as well as deep-rooted historical and human connections. 🔗Tap here to read...

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Swiss exports to Russia suspected of evading sanctions

Swiss goods enter Russia via third countries. KEYSTON Since the beginning of the Ukraine war, Swiss exports to countries close to Russia have increased significantly – which points to a possible evasion of sanctions. Shortly after the Russian attack on Ukraine, Western countries imposed sanctions on Russia. On February 28, 2022, Switzerland also reacted and adopted the EU sanctions. Since then, exports to Russia have been banned, with some exceptions such as...

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Should skiers be fined for tearing down Swiss mountain slopes at breakneck speeds?

Skiers in Switzerland are allowed to go down the pistes as fast as they like, without facing fines. Every year, some 60,000 people get hurt on the slopes, costing CHF600 million ($676 million) in treatment bills. An accident insurance expert has been out and about, warning them to slow down. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more...

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USD/CHF Price Analysis: Trades back and forth around 0.8800

USD/CHF trades sideways near 0.8800 as the focus shifts to US economic data. The Swiss economy is expected to have growth at a moderate pace of 0.1% in the last quarter of 2023. Fed policymakers support holding interest rates unchanged in the range of 5.25%-5.50%. The USD/CHF is stuck in a tight range near the round-level resistance of 0.8800 since Friday’s trading session. The Swiss Franc asset struggles to find a direction as investors await the United States core...

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Weak US Durable Goods may Herald Pullback in Capex

Overview: Most of the G10 currencies are trading quietly in narrow ranges today. After a slightly firmer than expected national CPI reading, which still moderated, and a pullback in US yields, the Japanese yen is the strongest of the major currencies. The dollar has pulled back from almost JPY151 to nearly JPY150. The New Zealand dollar is the weakest, off about 0.2% ahead of tomorrow's central bank meeting. After selling $127 bln of coupons yesterday, the US...

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SNB Study: Results of the Swiss Payment Methods Survey

In spring 2023, the Swiss National Bank conducted its second payment methods survey of companies in Switzerland. Around 1,750 companies, across all sizes, language regions and industries, participated in this survey on payment method topics. In-depth knowledge of these topics helps the SNB to fulfil its statutory tasks in relation to the supply and distribution of cash and to cashless payments. . The most important findings of the payment methods survey of...

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Rates, Risk and Debt: The Unavoidable Reckoning Ahead

Policy errors have consequences, and we’re only in the first inning of those consequences. Please note: Of Two Minds subscription rates are going up this Friday 3/1/24 from $5/month or $50/year to $7/month or $70/year, so subscribe by Thursday if you want to lock in current rates. Thank you for understanding the necessity of adjusting rates that have been unchanged since 2011. If we ask, “what’s changed?,” two under-appreciated dynamics pop out: risk and...

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