QUOTE AND NEWS
Financial Times  5 hrs ago  Comment 
Move is described as means of using content produced by group more effectively
newratings.com  Apr 27  Comment 
BRUSSELS (dpa-AFX) - Switzerland's UBS consumption indicator data for March was released on Wednesday in the pre-European session at 2:00 am ET. After the data, the Swiss franc changed little against its major rivals. As of 2:04 am ET,...
Mondo Visione  Apr 26  Comment 
In the first quarter of 2016, SIX Swiss Exchange recorded an ETF trading turnover of CHF 25.3 billion, which equates to an increase of 5.6 billion relative to the previous quarter. This was revealed today in the latest edition of ETF Quarterly...
newratings.com  Apr 26  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc slipped against its major opponents in early European deals on Tuesday. The franc dropped to a 4-day low of 113.45 against the yen and a new 6-week low of 1.4192 against the pound, from its early highs of...
newratings.com  Apr 25  Comment 
Bellevue Group AG completes capital increase and achieves gross proceeds of CHF 32.9 Mio. Bellevue Group AG / Bellevue Group AG completes capital increase and achieves gross proceeds of CHF 32.9 Mio. . Processed and transmitted by NASDAQ OMX...
newratings.com  Apr 25  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc climbed against its major rivals in European morning deals on Monday. The franc rose to a 4-day high of 1.0974 against the euro, off early low of 1.0992. The franc edged up to 0.9749 against the greenback and...
newratings.com  Apr 22  Comment 
BRUSSELS (dpa-AFX) - The pound drifted higher against its major rivals in pre-European deals on Friday. The pound edged up to 1.4366 against the greenback and 0.7866 against the euro, from its early lows of 1.4313 and 0.7885, respectively. The...
newratings.com  Apr 21  Comment 
Bellevue Group AG expects gross proceeds from the capital increase of approximately CHF 32.9 million Bellevue Group AG / Bellevue Group AG expects gross proceeds from the capital increase of approximately CHF 32.9 million . Processed and...
newratings.com  Apr 21  Comment 
BRUSSELS (dpa-AFX) - The pound came off from its early lows against its major counterparts in Europe on Thursday. The pound bounced off to 1.3956 against the franc and 157.76 against the yen, from its previous lows of 1.3894 and 156.87,...
newratings.com  Apr 21  Comment 
ZURICH (dpa-AFX) - Ulrich Spiesshofer, CEO of ABB Ltd. (ANN.L, ABB), while speaking at the Annual General meeting in Zurich, said the company is proposing to increase its dividend to CHF 0.72 to CHF 0.74 per share. He said, the company has...




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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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