QUOTE AND NEWS
newratings.com  Jan 5  Comment 
BRUSSELS (dpa-AFX) - After the release of Swiss consumer prices for December at 3:15 am ET Thursday, the franc changed little against its major rivals. The franc was trading at 1.0167 against the greenback, 1.2511 against the pound, 1.0733...
newratings.com  Jan 5  Comment 
BRUSSELS (dpa-AFX) - At 3:15 am ET Thursday, the Federal Statistical office publishes Swiss consumer prices for December. Prices are forecast to remain flat after falling 0.3 percent in November. Ahead of the data, the franc traded mixed against...
newratings.com  Jan 3  Comment 
BRUSSELS (dpa-AFX) - Swiss SVME purchasing managers index for December is due at 3:30 am ET Tuesday. Ahead of the data, the franc traded mixed against its major rivals. While the franc fell against the greenback and the pound, it rose against the...
The Hindu Business Line  Jan 2  Comment 
Pepper futures market on Monday moved up on speculation citing absence of sellers. Spot prices, however, remained unchanged on sluggish activities. Cheaper availability of high bulk density pepper fr...
newratings.com  Dec 29  Comment 
BRUSSELS (dpa-AFX) - Reversing direction, the pound drifted lower against the Swiss franc and the euro in the early European session on Thursday. The pound fell to a 3-week low of 0.8550 against the euro and more than a 4-week low of 1.2532...
newratings.com  Dec 28  Comment 
BRUSSELS (dpa-AFX) - Following the release of Swiss UBS consumption indicator for November, the franc changed little against its major counterparts. The franc was worth 1.0271 against the greenback, 114.44 against the yen, 1.0754 against the euro...
newratings.com  Dec 27  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc weakened against its major counterparts in early European deals on Thursday amid rising risk appetite, as European shares advanced following a long holiday weekend. Major European markets resumed their trading...
newratings.com  Dec 26  Comment 
BRUSSELS (dpa-AFX) - The pound traded lower against most major rivals in late Asian trading on Monday. The pound pared gains to 143.51 against the yen, 1.2565 against the franc and 0.8525 against the euro, from its early highs of 144.20, 1.2616...
Forex News  Dec 23  Comment 
The Swiss franc was mixed today, rising against the Great Britain pound, falling versus the euro, and staying mostly flat against the US dollar (though the Swiss currency has moved lower versus the greenback just now). The Swissie,...
newratings.com  Dec 23  Comment 
BRUSSELS (dpa-AFX) - After the release of the third estimate of the U.K. GDP data for the third quarter, the pound traded mixed against the other major counterparts. While the pound declined further against the franc, it changed little against the...
newratings.com  Dec 23  Comment 




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The Swiss Franc (also known as the “Swissie”[1]) is the currency of the nation of Switzerland. It is denoted with a trailing CHF or, alternately, SFr. or Fr. (with the latter more typical internal to Switzerland). For example 16.00 SFr. would be read "sixteen Swiss Francs". This could also be written 16.00 CHF or 16.00 Fr.

The dollar (USD) against the Swiss Franc is mostly considered as the 'safe-haven' currency because part of the core value of swiss franc, CHF is backed up by gold. When gold price appreciates and/or during geopolitical challenges the swissie usually rises as investors look to safer grounds.

The chart at left shows the USD/CHF currency pair; the number of Swiss Franc equivalent to 1 U.S. Dollar (USD).

Forex Markets [1]

Trading Hours

The most active CHF trading hours are from London's opening market hours (3:00AM ET / 8:00 GMT), Swiss Economic (1:45AM ET / 6:45 GMT) and U.S. Economic (8:30AM ET/ 13:30 GMT).[1]

USD/CHF 10 year chart

The USD has falling against the CHF for the last 10 years.
The USD has falling against the CHF for the last 10 years.

Key Currency Crosses

The key currency crosses are

Things to know when trading The Swiss Franc (CHF)

The majority of time, USD/CHF moves on dollar dynamics and not Swiss dynamics. Therefore since many Commodities are priced in dollars, so when the dollar rises, commodity prices fall:

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Oil vs. USD/CHF (inverted)

Nickname – The only nickname for the Swiss Franc is the Swissie which is a shortened version of the name.

Central Bank - The Swiss National Bank conducts monetary policy meetings 4 times a year and their decisions on interest rates could have significant ramifications for the currency market.

Most Active Trading Hours – We tend to see the most significant volatility in the Swiss Franc when Swiss and U.S. economic data are released.

What Does the Economy Rely On? – One of the unique aspects of Switzerland’s economy is that its bank secrecy laws have long made Switzerland a safe haven for investors. That has changed in recent years as the country has been pressured to reveal information on private investors sheltering the money in Switzerland. Although financial services are the primary driver of the economy, trade is also very important.

Who Does the Economy Rely on for Trade? – Switzerland’s largest trading partner is the Eurozone followed by the U.S.

Market Moving Economic Releases – Swiss economic data tends to impact EUR/CHF and CHF/JPY more than it does USD/CHF. Central bank rate decisions are usually the most market moving indicators, which mean that they can create the greatest volatility for any currency followed by the employment report, the consumer spending and inflation reports.

The Swiss Economy

Key Facts

The Swiss Economy is comprised of 64.5% Services, 34% Industrial, and 1.5% Agriculture. It's largest trading partners are Germany, US, Italy, France and U.K.. Some other key facts about the Swiss Economy:

  1. Service Sector Led by Financial Services
  2. Considered Safe Haven for Investors
  3. Known for their Banking Secrecy and Security
  4. Has One of the Highest Per Capita Incomes in the World
  5. Chemicals are Switzerland’s Main Exports

General Economic Statistics

2008 GDP EstimateUSD $492.6 Billion
Population:7.6 Million
Interest Rate^0.25% Target Range
Inflation^^-0.30%
Trade Balance^^^CHF 4.5 Billion

^As of May 2009 ^^As of April 2009 ^^^As of Q4 2008

Market Moving Economic Releases

  1. SNB Interest Rate Decision
  2. Retail Sales
  3. Consumer Prices
  4. UBS Consumption Index
  5. KoF Leading Indicators
  6. GDP (Gross Domestic Product)
  7. Unemployment Rate

References

  1. 1.0 1.1 1.2 FX360.com, EUSwiss Franc (CHF) Factsheet by Kathy Lien
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