QUOTE AND NEWS
Mondo Visione  4 hrs ago  Comment 
Trading turnover in the first nine months of 2014: CHF 836.8 billion (+9.1% versus the same period in the prior year of 2013) Average trading turnover per day in the first nine months of 2014: CHF 4.5 billion Marked month-on-month...
newratings.com  11 hrs ago  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc continued its decline against its major opponents in European deals on Wednesday, after data showed that Eurozone manufacturing activity expanded at the slowest pace in 14 months and German manufacturing...
newratings.com  Oct 1  Comment 
BRUSSELS (dpa-AFX) - At 3:30 am ET Wednesday, Credit Suisse is due to release its September manufacturing PMI report for Switzerland. The PMI is expected to decrease to 52 in September from 52.9 in August. Ahead of the data, the Swiss franc...
newratings.com  Oct 1  Comment 
Announcement by ARYZTA AG regarding the issuance of a CHF 145 million Perpetual Callable Subordinated Instrument ('Hybrid Instrument') ARYZTA AG / Announcement by ARYZTA AG regarding the issuance of a CHF 145 million Perpetual...
newratings.com  Sep 30  Comment 
BRUSSELS (dpa-AFX) - Switzerland's KOF leading indicator for September was released at 3:00 am ET Tuesday. After the data, the Swiss franc changed little against its major rivals. As of 3:01 am ET, the Swiss franc was trading at 1.2066...
newratings.com  Sep 29  Comment 
BRUSSELS (dpa-AFX) - The U.S. dollar pulled away from its early highs against its major rivals in early New York deals on Monday. The greenback was trading at 109.12 against the yen and 0.9488 against the franc, reversing from early more than...
newratings.com  Sep 25  Comment 
Clariant AG: Clariant successfully places CHF 150 million domestic bond Clariant AG / Clariant AG: Clariant successfully places CHF 150 million domestic bond . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely...
newratings.com  Sep 25  Comment 
LONDON (dpa-AFX) - The Swiss franc weakened against most major currencies in the early European session on Thursday after remaining firm in the European session, as investors focused on a speech by European Central Bank President Mario Draghi for...
newratings.com  Sep 24  Comment 
Chocoladefabriken Lindt & Sprüngli AG: Successful placement of CHF 1 billion bond issues Chocoladefabriken Lindt & Sprüngli AG / Key word(s): Bond 24.09.2014 18:30 Release of an ad hoc announcement pursuant to Art. 53...
Reuters  Sep 24  Comment 
Lindt & Spruengli said on Wednesday it had placed bonds worth 1 billion Swiss francs ($1.06 billion) to finance its acquisition of Russell Stover Candies, LLC, USA.




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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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