QUOTE AND NEWS
newratings.com  6 hrs ago  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc drifted lower against its key counterparts in pre-European trading on Wednesday. Reversing from an early high of 104.79 against the yen, the franc weakened to 104.11. The franc dropped to 1.3115 against the...
newratings.com  6 hrs ago  Comment 
BRUSSELS (dpa-AFX) - Switzerland's UBS consumption indicator for May is due to be released in the pre-European session on Wednesday at 2:00 am ET. Ahead of the data, the Swiss franc showed mixed trading against its major rivals. While the...
newratings.com  Jun 28  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc fell against its key counterparts in European deals on Tuesday. The franc retreated to 104.09 against the yen, from a high of 104.69 hit at 3:30 am ET. The franc declined to a 4-day low of 1.0851 against the...
newratings.com  Jun 28  Comment 
newratings.com  Jun 27  Comment 
BRUSSELS (dpa-AFX) - The euro weakened against most major currencies in the Asian session on Monday. The euro fell to 1.0984 against the U.S. dollar and 111.65 against the yen, from last week's closing quotes of 1.1083 and 113.29,...
MarketWatch  Jun 24  Comment 
The Swiss National Bank intervened in the currency market Friday as the value of the country's franc surged in the wake of the U.K.'s Brexit referendum. The SNB moved to "stabilize the situation and will remain active in that market," the bank...
newratings.com  Jun 24  Comment 
VIENNA (dpa-AFX) - The Swiss franc climbed strongly against the euro after the U.K. unexpectedly decided to leave the EU. The currency, perceived a safe-haven, rose the most against the euro since the Swiss National Bank removed the 1.20 per...
newratings.com  Jun 24  Comment 
BRUSSELS (dpa-AFX) - The euro weakened against most major currencies in the Asian session on Friday. The euro fell to a 3-1/2-year low of 109.27 against the yen and nearly a 1-year low of 1.0686 against the Swiss franc, from early more than...
newratings.com  Jun 23  Comment 
CANBERA (dpa-AFX) - The euro strengthened against the other major currencies in the Asian session on Thursday. The euro rose to a 3-day high of 119.03 against the yen and a 2-day high of 1.0878 against the Swiss franc, from yesterday's...
newratings.com  Jun 22  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc strengthened against the other major currencies in the European session on Wednesday. The Swiss franc rose to 1.0799 against the euro, 1.4053 against the pound and 108.94 against the yen, from early lows of...
newratings.com  Jun 22  Comment 
BRUSSELS (dpa-AFX) - At 5:00 am ET Wednesday, Swiss ZEW economic expectations survey data for June was released. After the data, the Swiss franc changed little against its major rivals. As of 5:01 am ET, the Swiss franc was trading at 1.0806...




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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:

Oil vs. USD/CHF (inverted)
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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