QUOTE AND NEWS
newratings.com  8 hrs ago  Comment 
BRUSSELS (dpa-AFX) - Swiss private banking group Julius Baer Group Ltd. (JBAXY.PK,JBARF.PK) reported a 56% jump in its six-month IFRS net profit to 179 million Swiss francs, as the improvement in operating results and the reduction in the...
newratings.com  10 hrs ago  Comment 
BRUSSELS (dpa-AFX) - The euro strengthened against the Swiss franc in the Asian session on Monday. Against the franc, the euro rose to a 5-day high of 1.2152, from an early low of 1.2140. If the euro extends its uptrend, it is likely to find the...
newratings.com  Jul 18  Comment 
BRUSSELS (dpa-AFX) - The pound came off from early lows against most major currencies ahead of European deals on Friday. The pound rose back to 0.7903 against the euro, 1.5356 against the franc and 1.7106 against the greenback, off early 2-day...
newratings.com  Jul 17  Comment 
LONDON (dpa-AFX) - The pound extended its early decline against the Swiss franc in early European deals on Thursday. The pound slipped to a 2-day low of 1.5347 against the franc, reversing from early high of 1.5399.The pair was worth 1.5385 at...
newratings.com  Jul 17  Comment 
VIENNA (dpa-AFX) - SGS SA (SGSOY.PK) reported that its first-half pretax profit decreased to CHF 374 million from CHF 390 million, a year ago. Profit to equity holders decreased to CHF 255 million from CHF 265 million. Earnings per share was CHF...
newratings.com  Jul 17  Comment 
VERNIER (dpa-AFX) - Givaudan AG (GVDBF.PK), a Swiss manufacturer of fragrance and flavor products, Thursday said first-half income attributable to equity holders of the parent improved to 305 million Swiss francs from 271 million francs in the...
newratings.com  Jul 16  Comment 
LONDON (dpa-AFX) - The Swiss franc proceeded with its early decline against the pound and the Japanese yen in early New York deals on Friday. The franc slipped to 113.19 against the yen, its lowest since June 16, and a 2-year low of 1.5403...
newratings.com  Jul 16  Comment 
BRUSSELS (dpa-AFX) - After the release of Swiss ZEW survey for July at 5 am ET Wednesday, the franc dropped against its major rivals. The franc was trading at 0.8976 against the greenback, 1.2155 against the euro, 113.28 against the yen and...
newratings.com  Jul 16  Comment 
BRUSSELS (dpa-AFX) - Reversing direction, the Swiss franc declined against its major rivals in European morning deals on Wednesday. The franc declined to a 2-year low of 1.5372 against the pound and near a 4-week low of 0.8969 against the...
newratings.com  Jul 16  Comment 
newratings.com  Jul 16  Comment 
BRUSSELS (dpa-AFX) - The U.S. dollar continued its early rally against the Swiss franc and euro in early European deals on Wednesday. The greenback hit near a 4-week high of 0.8968 against the franc and a 4-week high of 1.3552 versus the euro,...




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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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