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swiss national bank explores digital franc to adapt to evolving payment technologies
The Swiss National Bank (SNB) is exploring the introduction of a digital franc to adapt to evolving technologies and the potential rise of digitized assets linked to digital tokens. This central bank currency would facilitate interbank transactions and leverage blockchain technology, but it will not be classified as a cryptocurrency.
franc expected to weaken against euro amid dollar fluctuations
The Swiss franc is expected to remain slightly above the 0.95 mark against the euro in the coming weeks, influenced by recent trends in the dollar-franc and euro-franc exchange rates. The dollar's recent weakness, due to Fed interest rate cuts, has strengthened the franc against the euro, but a potential dollar rebound may lead to the franc losing some ground against the euro.
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