QUOTE AND NEWS
newratings.com  20 min ago  Comment 
SOUTH SAN FRANCISCO (dpa-AFX) - Swiss pharmaceutical giant Roche Holding AG (RHHBY.PK, ROG.SW, RO.SW) reported that its Group sales of 34.8 billion Swiss francs, went up by 5% at constant exchange rates or CER, while remaining stable in Swiss...
Forex News  Oct 15  Comment 
The Swiss franc was rising together with the euro against the US dollar today. The Swissie gained on the shared 18-nation currency itself as well. It looks unlikely for the currency to maintain its rally for a long time, though,...
newratings.com  Oct 15  Comment 
BRUSSELS (dpa-AFX) - The U.S. dollar gave up its early gains against most major rivals in European deals on Wednesday. The greenback was trading at 0.9524 against the franc, 106.88 against the yen and 1.2675 against the euro, off early 2-day...
newratings.com  Oct 15  Comment 
BRUSSELS (dpa-AFX) - At 5 am ET Wednesday, the Centre for European Economic Research has released the results of its October economic sentiment survey for Switzerland. Following the data, the franc edged down against its major opponents. The...
newratings.com  Oct 14  Comment 
BRUSSELS (dpa-AFX) - At 3:15 am ET Tuesday, Switzerland's Federal Statistical Office released its producer prices and import prices report for September. After the data, the Swiss franc changed little against its major rivals. As of 3:16...
newratings.com  Oct 13  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc strengthened against most major rivals in European deals on Monday. The franc advanced to a 4-day high of 0.9513 against the greenback and an 11-day high of 1.2074 against the euro, compared to Friday's...
newratings.com  Oct 13  Comment 
BRUSSELS (dpa-AFX) - The euro drifted lower against the Swiss franc ahead of European deals on Monday. The euro hit 1.2075 against the franc, its lowest since October 2. On the downside, the euro-franc pair may find support around the 1.20 zone....
newratings.com  Oct 10  Comment 
BRUSSELS (dpa-AFX) - The U.S. import price index for September will come out at 8:30 am ET Friday. The greenback showed mixed trading against its major opponents prior to the data. While the greenback climbed against the franc, euro and the pound,...
newratings.com  Oct 10  Comment 
VERNIER (dpa-AFX) - Givaudan AG (GVDBF.PK), a Swiss manufacturer of fragrance and flavor products, reported nine-month sales of 3.31 billion Swiss francs, a 4.5% growth on a like-for-like basis, and a 0.2% decline in Swiss francs...




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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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