Category Archive: 1.) CHF
SNB Intervenes on Behalf of Franc (June 2009)
Jun. 26th 2009 Extracts from the history of the Swiss franc (June 2009) Back on March 12, the Swiss National Bank issued a stern promise that it would actively seek to hold down the value of the Swiss Franc (CHF) as a means of forestalling deflation. The currency immediately plummeted 5%, as traders made … Continue...
Read More »
Read More »
SNB rate decision June 18th 2009
Extracts from the History of the Swiss Franc Courtesy on EasyForex.com SNB rate decision June 18th 2009 Written by Michael J. Malpede Wednesday, 17 June 2009 18:23 GMT The Swiss National Bank (SNB) will hold its monetary policy meeting on Thursday June 18th.The SNB is expected to hold rate policy steady at 0.00%-0.75%.Recent Swiss economic …
Read More »
Read More »
Recent History of the Swiss franc: May 2009
A market view history of the EUR/CHF from the website ForexLive May 2009 BIS And SNB Expected To Be Buying EUR/CHF On 1.50 Handle Dealers expect to see bids appearing from either the Swiss National Bank or the Bank for International Settlements if EUR/CHF dips back towards 1.5050. By Sean Lee || May 28, 2009 at 04:03 … Continue reading »
Read More »
Read More »
Recent History of the Swiss Franc: April 2009
A history of the EUR/CHF from the website ForexLive April 2009 Selling EUR/CHF Seems Akin To Poking Billy Goat Gruff With A Sharp Stick It seems to me selling the EUR/CHF cross down here is akin to poking the elder billy goat gruff with a sharp stick. You get it, Alpine meadows, goat herds….(Ok I know … Continue reading »
Read More »
Read More »
SNB Fulfills Promise of Forex Intervention, Franc Collapses (March 2009)
Extracts from the history of the Swiss franc (March 2009). Mar. 17th 2009 Last week, the Forex Blog concluded a post on the Swiss Franc by suggesting that the Swiss National Bank (SNB) could artificially depress the value of its currency, which had “not just posted strong gains against the eurosince late August …
Read More »
Read More »
Swiss Franc Rises on a Trade-weighted Basis, but Down against the Dollar (March 2009)
Mar. 11th 2009 Extracts from the history of the Swiss franc (March 2009). Most of the “safe haven” talk in forex circles has focused on Japan and the US. Switzerland, meanwhile, has also attracted is fair share of risk-averse investors, who are piling into Franc-denominated assets, despite the deteriorating Swiss economic situation. In fact, …
Read More »
Read More »
Recent History of the Swiss franc: January to February 2009
Swissy Sees Some Slight Improvement Swissy is seeing some slight improvement in afternoon trade, the EUR/CHF cross presently down at 1.4900 from the 1.4990 session high posted earlier. The general flight to perceived safety, with gold fast approaching $1,000, will be playing a part with swissy’s safe haven premium coming into play. However how …
Read More »
Read More »
Swiss Franc in Spotlight (January 2009)
Jan. 29th 2009 Extracts from the history of the Swiss franc (January 2009). The Swiss Franc is in the same boat as the US Dollar and Japanese Yen, benefiting from an increase in risk aversion and an unwinding of carry trade positions. In other words, the currency rising on the back of the sound monetary … Continue reading...
Read More »
Read More »
Credit Crisis Could Lift Yen, Franc (July 2008)
Jul. 31st 2008 Extracts from the history of the Swiss franc (July 2008). As the credit crisis has unfolded, the Dollar has remained (relatively) strong, especially considering the deteriorating state of its economy. The reason for this, of course, is that in times of crisis, investors flock to perceived safe havens, such as the …
Read More »
Read More »
Le taux plancher contre le D-Mark, le précédent de 1978
Une secrète contribution de “Le Temps”, juste pour les francophones parmi nos abonées. Il y a trente-quatre ans, la Banque nationale suise avait déjà défendu un taux de change pour le franc suisse. Plongée dans les archives et rappel du contexte perturbé qui a poussé la Suisse jusqu’à cet extrême LES LIENS Les trois … Continue...
Read More »
Read More »