QUOTE AND NEWS
newratings.com  Sep 14  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc declined against its major counterparts in European trading on Wednesday amid risk appetite, as oil prices rebounded and UK labour market report showed resilence to Brexit shock. Oil prices rebounded as data...
newratings.com  Sep 14  Comment 
BRUSSELS (dpa-AFX) - At 5:00 am ET Wednesday, Swiss ZEW expectations survey for September has been released. After the data, the franc changed little against its major counterparts. The franc was trading at 0.9782 against the greenback, 1.0977...
newratings.com  Sep 13  Comment 
BRUSSELS (dpa-AFX) - The pound extended early slide against its key counterparts in early New York deals on Tuesday. The pound fell to a 5-day low of 135.06 against the yen, 2-week low of 1.2832 versus the franc and near a 2-week low of 1.3114...
newratings.com  Sep 13  Comment 
BRUSSELS (dpa-AFX) - At 3:15 am ET Tuesday, Swiss producer and import price data for August was released. After the data, the Swiss franc changed little against its major rivals. As of 3:16 am ET, the Swiss franc was trading at 1.0922 against...
newratings.com  Sep 13  Comment 
newratings.com  Sep 12  Comment 
BRUSSELS (dpa-AFX) - Reversing direction, the pound rose back against its major counterparts in New York trading on Monday. The pound bounced off to 1.3310 against the dollar, 1.2961 against the franc and 135.80 against the yen, from its early...
newratings.com  Sep 9  Comment 
BRUSSELS (dpa-AFX) - The State Secretariat for Economic Affairs has released Swiss jobless rate for August at 1:45 am ET Friday. Following the data, the franc changed little against its major opponents. The franc was trading at 0.9717 against...
newratings.com  Sep 8  Comment 
LONDON (dpa-AFX) - The Swiss franc drifted higher against its most major counterparts in European trading on Thursday. Bouncing off from an early low of 104.71 against the yen, the franc rose back to 105.09. The franc strengthened to a weekly...
newratings.com  Sep 7  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc strengthened against most major currencies in the Asian session on Wednesday. The Swiss franc rose to a 5-day high of 1.2987 against the pound, from yesterday's closing value of 1.3025. Against the...
newratings.com  Sep 6  Comment 
BRUSSELS (dpa-AFX) - At 3:15 am ET Tuesday, Switzerland's Federal Statistical Office published consumer prices for August. After the data, the Swiss franc changed little against its major rivals. As of 3:16 am ET, the Swiss franc was...
newratings.com  Sep 6  Comment 
Media Release | MCH Group | Good first-half result 2016 MCH Group AG / Media Release | MCH Group | Good first-half result 2016 . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this...




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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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