QUOTE AND NEWS
newratings.com  9 hrs ago  Comment 
LONDON (dpa-AFX) - Reversing direction, the Swiss franc edged up against most major currencies ahead of European deals on Monday. The franc was trading at 1.4889 against the pound and 0.9585 versus the dollar, off early lows of 1.4941 and 0.9630,...
newratings.com  11 hrs ago  Comment 
ZURICH (dpa-AFX) - Swiss financial services giant UBS AG (UBS) Monday said its second-quarter attributable profit surged to 1.209 billion Swiss francs from 792 million Swiss francs in the prior year. Earnings per share were 0.32 franc, compared...
newratings.com  11 hrs ago  Comment 
Bellevue Group's operating profit sharply higher at mid-year mark - assets under management at an all-time high of CHF 5.2 bn - bottom-line loss due to impairments and writedowns Bellevue Group AG / Bellevue Group's operating profit...
newratings.com  Jul 24  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc weakened against the other major currencies in the Asian session on Friday. The Swiss franc fell to a 2-day low of 0.9608 against the U.S. dollar, from yesterday's closing value of 0.9584. Pulling away...
Mondo Visione  Jul 23  Comment 
In the second quarter of 2015, the Swiss stock exchange saw a trading volume in ETFs of CHF 20.9 billion. Compared to the previous quarter this represents an increase of 11%. This was revealed today in the latest edition of ETF Quarterly...
Financial Times  Jul 23  Comment 
Drugmaker to focus on pipeline as it blames strong Swiss franc for profit drop
Wall Street Journal  Jul 23  Comment 
Roche Holding reported that first-half net profit fell 7% on currency losses, although solid demand for its cancer therapies allowed the Swiss drug giant to confirm its full-year business outlook.
newratings.com  Jul 23  Comment 
SOUTH SAN FRANCISCO (dpa-AFX) - Swiss drug maker Roche Group (RHHBY.PK, ROG.SW, RO.SW) reported Thursday that its first-half IFRS net income declined 7 percent to 5.25 billion Swiss francs from last year's 5.64 billion francs. Core...
newratings.com  Jul 23  Comment 
Mikron Holding AG: Strong Swiss franc and volatile order intake hold back Mikron EQS Group-Ad-hoc: Mikron Holding AG / Key word(s): Half Year Results Mikron Holding AG: Strong Swiss franc and volatile order intake hold back Mikron 23.07.2015 /...
newratings.com  Jul 22  Comment 
WASHINGTON (dpa-AFX) - Lonza Group AG (LZAGF.PK), a supplier to the pharmaceutical, healthcare and life-science industries, reported Wednesday that its first-half profit declined 20.7 percent to 111 million Swiss francs from last year's 140...




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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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