QUOTE AND NEWS
newratings.com  10 hrs ago  Comment 
BRUSSELS (dpa-AFX) - At 3:15 am ET Thursday, Switzerland's Federal Statistical Office released producer and import prices for December. After the data, the Swiss franc changed little against its major rivals. As of 3:16 am ET, the Swiss...
newratings.com  11 hrs ago  Comment 
newratings.com  Jan 18  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc rebounded from its early losses against its major rivals in early European trading on Wednesday. The franc recovered to 113.00 against the yen, 1.0013 against the greenback, 1.2343 against the pound and 1.0713...
Automotive World  Jan 17  Comment 
Autoneum increased its net sales in local currencies by 6.8% in 2016 despite a strong previous year and cyclically weak regional demand. Net sales in Swiss francs rose by 3.2% to CHF 2‘152.6 million. Continuous efficiency enhancements in...
The Economic Times  Jan 17  Comment 
The dollar was down 0.3 per cent at 113.790 yen having gone as low as 113.610 the previous day, its weakest since Dec. 8. The greenback also pulled back against the Swiss franc.
Reuters  Jan 14  Comment 
Switzerland's business minister said he supported the Swiss National Bank and its monetary policy, but added that a euro-Swiss franc exchange rate of 1.15 would be welcome.
Mondo Visione  Jan 13  Comment 
Compared to the record year 2015, the trading activity on SIX Swiss Exchange and SIX Structured Products Exchange has decreased. In 2016, SIX Swiss Exchange registered a trading turnover of CHF 1'279.3 billion. This is higher than in...
newratings.com  Jan 10  Comment 
BRUSSELS (dpa-AFX) - Switzerland's State Secretariat for Economic Affairs released its unemployment data for December in the pre-European session on Tuesday at 1:45 am ET. After the data, the Swiss franc changed little against its major...
newratings.com  Jan 10  Comment 
BRUSSELS (dpa-AFX) - The British pound weakened against the other major currencies in the Asian session on Tuesday. The pound fell to nearly a 1-1/2-month low of 140.20 against the yen, from yesterday's closing value of 141.06. Against...
newratings.com  Jan 10  Comment 
Sika AG: RECORD SALES WITH GROWTH IN ALL REGIONS Sika AG / Sika AG: RECORD SALES WITH GROWTH IN ALL REGIONS . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement. *...
newratings.com  Jan 9  Comment 
BRUSSELS (dpa-AFX) - After the release of Swiss retail sales for November at 3.15 am ET Monday, the franc changed little against its major rivals. The franc was trading at 1.0173 against the greenback, 115.24 against the yen, 1.0726 against the...




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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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