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newratings.com  Feb 24  Comment 
CANBERA (dpa-AFX) - The euro strengthened against the other major currencies in the pre-European session on Friday. The euro rose to 1.0654 against the Swiss franc and 0.8435 against the pound, from an early 2-day lows of 1.0638 and 0.8422,...
newratings.com  Feb 24  Comment 
SIKA ACHIEVES RECORD RESULTS IN 2016 - STRATEGIC TARGETS RAISED Sika AG / SIKA ACHIEVES RECORD RESULTS IN 2016 - STRATEGIC TARGETS RAISED . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content...
newratings.com  Feb 23  Comment 
BRUSSELS (dpa-AFX) - At 3:15 am ET Thursday, Switzerland's industrial production figures for the fourth quarter were released. After the data, the euro changed little against its major rivals. As of 3:16 am ET, the euro was trading at...
newratings.com  Feb 22  Comment 
BRUSSELS (dpa-AFX) - At 4:00 am ET Wednesday, Swiss ZEW expectations survey results for February are due to be released. After the data, the Swiss franc changed little against its major rivals. As of 4:01 am ET, the Swiss franc was trading at...
newratings.com  Feb 22  Comment 
CANBERA (dpa-AFX) - The euro weakened against the other major currencies in the pre-European session on Wednesday. The euro fell to a 2-month low of 0.8411 against the pound and a 2-1/2-month low of 119.12 against the yen, from early highs of...
newratings.com  Feb 21  Comment 
BRUSSELS (dpa-AFX) - The euro extended its early weakness against the other major currencies in the early European session on Tuesday. The euro fell to an 8-month low of 1.0632 against the Swiss franc, from an early high of 1.0645. Against the...
newratings.com  Feb 21  Comment 
BRUSSELS (dpa-AFX) - Switzerland's trade surplus increased in January as imports declined sharply from prior month, the Federal Customs Administration reported Tuesday. The trade surplus rose to CHF 4.7 billion in January from CHF 2.7...
newratings.com  Feb 21  Comment 
LONDON (dpa-AFX) - Plumbing and heating products maker Wolseley plc (WOSCF.PK, WOS.L, WOSYY.PK) Tuesday Said it has signed an agreement to merge Tobler, its Swiss plumbing and heating business, with Walter Meier AG, a Swiss heating and HVAC...
newratings.com  Feb 21  Comment 
BRUSSELS (dpa-AFX) - Switzerland's foreign trade data for January is due to be released in the pre-European session on Tuesday at 2:00 am ET. Ahead of the data, the Swiss franc showed mixed trading against its major rivals. While the Swiss...




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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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