(Bloomberg) -- The Swiss franc weakened to briefly reach parity with the greenback for the first time since late 2019, as the dollar’s role as the preferred haven trade grows amid turmoil in global markets.Most Read from BloombergSony PlayStation Staff Fume Over CEO’s Abortion CommentsCrypto Billionaires’ Vast Fortunes Are Destroyed in WeeksMore Than $200 Billion Wiped Off Cryptocurrency Market in a DayNike Escalates StockX Feud, Says Site Is Selling Fake ShoesStocks End Almost Flat After Suffer
Newcomers must learn the unique language and dynamics of the forex market to beat the odds and become successful currency traders. What is the forex market? Why is it a great market to trade? What is a currency pair and how it is read? What are the major terms and concepts that forex traders need to learn?
The former head of a Swiss bank has been sentenced to nearly four years in prison after claiming nearly 200,000 Swiss francs (£165,000) on expenses to cover his strip club visits. Pierin Vincenz was convicted at Zurich's district court on Wednesday after one of Switzerland's highest-profile corporate crime trials in decades. The 65-year-old once Swiss "banker of the year", who denies any wrongdoing, was charged with making millions through illicit deals while chief executive of Raiffeisen Switzerland.