The US imposed a 37% reciprocal tariff rate on goods from Bangladesh as part of Trump’s growing trade war with countries around the world.
Migrant workers from Asia’s developing countries, such as Bangladesh, have been sending home record amounts of money in recent months, defying pandemic expectations and propping up home economies at a critical time. However, it appears workers are just sending money home in advance of their own return due to a bleak job market, particularly in the Middle East.
March 31, 2026
Swiss National Bank (SNB) Maintains 0% Interest Rate
On March 19, 2026, the SNB decided to keep its policy rate at 0%. The bank expressed readiness to intervene in the foreign exchange market to prevent the Swiss franc from appreciating too quickly, which could harm price stability in Switzerland. (snb.ch)
Swiss Franc Remains Strong Amid Global Uncertainty
Despite geopolitical tensions, the Swiss franc continues to strengthen. In early 2026, it appreciated by 2% against the euro and 3.5% against the U.S. dollar, reaching its strongest levels in over a decade. This trend reflects the currency's status as a safe haven during uncertain times. (swissinfo.ch)
SNB Signals Potential Currency Intervention
The SNB has indicated a willingness to intervene in the foreign exchange market if the Swiss franc continues to strengthen rapidly. This approach aims to maintain price stability and support economic growth. (am.lombardodier.com)
Swiss Franc's Strength Puts Pressure on Exporters
The appreciation of the Swiss franc is challenging Swiss exporters, as it makes their goods more expensive abroad. This situation is prompting discussions about the need for currency interventions to support the export sector. (invidis.com)
Experts Predict Continued Strength of Swiss Franc
Analysts expect the Swiss franc to remain strong throughout 2026, driven by Switzerland's political stability, low debt levels, and strong economy. This outlook suggests that the franc will continue to be a preferred choice for investors seeking safety. (swissinfo.ch)