CHF=X - USD/CHF
| Previous Close | 0.8989 |
| Open | 0.8988 |
| Bid | 0.9019 |
| Day's Range | 0.8983 - 0.9025 |
| 52 Week Range | 0.8820 - 1.0147 |
| Ask | 0.9019 |
FX EmpireThe Future of Forex: ChatGPT’s Role in Shaping the Currency Trading Landscape
Artificial Intelligence (AI) has been a hot topic in the world of trading for decades. Will AI ever be able to outperform humans in making potentially profitable decisions?
FX EmpireUS Debt Ceiling Woes Continue – Opportunities and Risks for Investors
The debate over the debt ceiling in Washington continues to wear on as the supposed default deadline, or ‘x-date,’ inches closer each day.
FX EmpireWeekly Roundup: Dollar’s Selloff Continues After Lower Inflation
This article evaluates the possible continuing impact of the data on expectations for monetary policy and two key charts of the week, USDCAD and USDCHF
- Reuters
UPDATE 1-Swiss franc grapples with safe-haven identity crisis after Credit Suisse
The Swiss franc hasn't lived up to its safe-haven reputation during the Credit Suisse collapse, as investors have sought shelter elsewhere, bringing more of a boost to the value of the gold in Switzerland's bullion vaults than to its currency. Money managers ditched the Swiss franc at the fastest rate in two years last week in the run-up to the dramatic takeover of Credit Suisse by UBS.
ReutersSwiss franc grapples with safe-haven identity crisis after Credit Suisse
LONDON (Reuters) -The Swiss franc hasn't lived up to its safe-haven reputation during the Credit Suisse collapse, as investors have sought shelter elsewhere, bringing more of a boost to the value of the gold in Switzerland's bullion vaults than to its currency. Money managers ditched the Swiss franc at the fastest rate in two years last week in the run-up to the dramatic takeover of Credit Suisse by UBS. The Swissie, often used as a refuge in times of market stress or volatility, lost 0.9% against the dollar in the week after the Swiss finance department said regulators were closely monitoring the situation at Credit Suisse on March 13.
- Reuters
FOREX-Central bank rate bets send dollar, sterling, franc different ways
The dollar fell and sterling steadied on Tuesday as traders reckoned banking stress could keep the Federal Reserve and the Bank of England from hiking rates much further, or at all, later in the week. Investors' focus has moved to a slew of central bank meetings due this week after days of volatility in markets caused by worries over the stability of the global banking sector.
- Reuters
FOREX-Euro, Swiss franc recover a little as market mood improves, traders await ECB
The euro and Swiss franc regained some lost ground on Thursday, as markets reacted positively to the Swiss central bank extending support to Credit Suisse, ahead of a difficult meeting for European Central Bank rate setters. On Wednesday it had lost 1.4% - its biggest percentage fall in six months - as the focus of fears about the banking sector spread from the collapsed U.S.-based Silicon Valley Bank to the much larger Credit Suisse. Some calm was restored to markets after the Swiss lender said it would borrow up to $54 billion from the Swiss National Bank to shore up liquidity and investor confidence after the bank's shares plunged as much as 30% on Wednesday.
- Reuters
FOREX-Euro, Swiss franc recover a touch as market mood improves, traders await ECB meet
The euro and Swiss franc regained some lost ground on Thursday, as markets reacted positively to the Swiss central bank's support for Credit Suisse, ahead of a difficult meeting for ECB rate setters. The euro was up 0.4% at $1.06225 having lost 1.4% a day earlier, its biggest percentage fall in six months, as the focus of fears about the banking sector spread across the Atlantic from the collapsed U.S.-based Silicon Valley Bank to the much larger Credit Suisse. Some calm was restored to markets after the Swiss lender said on Thursday it would borrow up to $54 billion from the Swiss National Bank to shore up liquidity and investor confidence, after its shares on Wednesday plunged as much as 30%.
- Reuters
FOREX-Credit Suisse woes knock euro, sterling, Swiss Franc
European currencies fell sharply on Wednesday after Credit Suisse's tumble to a new low renewed worries about the European banking sector following Silicon Valley Bank's collapse. Credit Suisse shares fell around 20% after its biggest investors said it could not provide more backing. The Swiss lender woes led the wider European banking index to its lowest level since early January and triggered sharp sell off in the currency markets.
- Reuters
FOREX-Dollar steady as volatile markets brace for payroll data, yen slides, Swiss franc jumps
The dollar index was steady on Friday, a rare spot of calm in volatile global markets ahead of key U.S. payrolls data later in the day, while the yen weakened after the Bank of Japan kept stimulus settings steady. The dollar jumped as much as 0.64% against the yen , a knee-jerk move after the BOJ kept policy unchanged in Governor Haruhiko Kuroda's last policy meeting before he steps down in April. While the "no surprises" decision was expected by most market watchers, many see the days of the BOJ's bond yield curve control (YCC) as numbered, which led to some pricing in a slim chance of a policy tweak at Kuroda's last policy meeting.
FX EmpireFederal Reserve and NFP – A Busy Week Ahead for Traders
It’s all happening for investors and traders this week, with a plethora of significant news releases out around the world.
Yahoo Finance UKWhat to expect from the pound in 2023
Although the pound has quickly recovered from its record lows, trading back above $1.2000, it will need to hold above this level to gain investor confidence going into the new year.
- Reuters
FOREX-Dollar falls against yen, Swiss franc as traders weigh China outlook
After hitting a one-week high against the yen on Wednesday, which saw the dollar touch 134.40, the greenback hit a session low against the yen on Thursday. Investors are weighing the impact of China's rapid loosening of its strict COVID-19 rules with a surge in new infections. Following China's removal of its quarantine rule for inbound travelers from Jan. 8, the United States, Japan, India and other countries said they would require COVID tests for travelers from China.
- Reuters
FOREX-Yen, Swiss franc gain on China concerns, dollar drops
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Adds quotes, details; updates prices; changes byline; previous LONDON) By Karen Brettell NEW YORK, Nov 28 (Reuters) - The safe-haven Swiss franc and Japanese yen gained on Monday, while the Aussie dollar and Chinese yuan underperformed as protests against COVID restrictions in China knocked market sentiment. The U.S. dollar dipped, meanwhile, which analysts said was unusual as it ran counter to its typical role as a safe haven. Hundreds of demonstrators and police clashed in Shanghai on Sunday night as protests over China's stringent COVID restrictions flared for a third day and spread to several cities in the wake of a deadly fire in the country's far west.
ReutersWeaker franc helps Swiss National Bank's forex reserves rise
The Swiss National Bank's foreign exchange reserves rose in October, central bank data showed on Monday, as the Swiss franc's depreciation helped reverse a sharp drop in September. The SNB held 817.16 billion Swiss francs ($821.27 billion) in foreign currencies at the end of October, compared with 806.11 billion francs in September, revised from an originally reported 807.13 billion francs. The SNB declined to comment on the change.
- Reuters
COLUMN-Rare Swiss franc stress reflects deeper market strains: McGeever
Year-end is always a stress point in financial markets, as investors seek to build up dollar cash buffers and collateral to minimize risk and exposure over the illiquid holiday period. Nowhere is this more apparent than "cross-currency basis swaps", a measure of demand for dollar funding often seen as a proxy for wider market stress. This year there's an added twist: the Swiss franc basis has blown out to levels not seen for years.
Yahoo Finance UKBitcoin ends a dismal September holding above $19k
Bitcoin ended a dismal September holding over $19K, but will it assume its long-promised role as a safe haven as macroeconomic storm clouds gather over Credit Suisse?
- Reuters
FOREX-Dollar edges up vs yen; Swiss franc hits highest vs euro since 2015
The dollar pared some gains following the data, which showed retail sales increased 0.3% last month, but demand for goods is cooling as the U.S. Federal Reserve raises interest rates. The dollar has been supported by the view that the Fed will keep tightening policy aggressively.
- Reuters
FOREX-Gas crunch fears hammer euro, lift dollar and Swiss franc
The prospect of another Russian gas supply cut knocked the euro lower on Tuesday, while dollar gains were tempered by mounting uncertainty over the U.S. Federal Reserve's policy-tightening path after this week's expected interest rate rise. European Union countries were preparing to approve an emergency proposal to curb gas demand, the prospect of which sent the single currency and German bond yields lower and hit German shares. "It's becoming a more mainstream view that the price to pay for supporting Ukraine against Russia will be gas rationing," said Rabobank senior strategist Lyn Graham-Taylor.
- Investing.com
Dollar Hands Back Some Gains; Nears One-Week Low
The U.S. dollar edged lower in early European trade Tuesday, moving close to a one-week low, as traders eased expectations that the U.S. Federal Reserve will hike by a full percentage point this month. The dollar has been gradually retreating from its multi-year high as expectations of a super-sized tightening by the Fed at the end of July have been reined in, especially after two of the most hawkish FOMC members – James Bullard and Chris Waller – said that their base case was still a 75 basis point move. “We doubt that between now and the 27 July FOMC meeting, markets will seriously reconsider a 100bp increase; first, because the Committee has entered its blackout period, and there are therefore no speakers until next week and second, because the U.S .data flow is set to be mostly second-tier this week,” said analysts at ING, in a note.
- Reuters
FOREX-Swiss franc jumps, euro trims declines against U.S. dollar
The Swiss franc rose on Wednesday to its highest level against the euro in four months as rising recession fear in the euro zone led investors to seek safe haven assets like the Swiss currency. The Swiss franc, rose 0.6% versus the euro to 1.0005 at 1210 GMT, after touching its highest level of 0.9993 against the single currency since March. Forecasts that the euro zone will likely drop into recession amid energy security issues triggered by the war in Ukraine has encouraged investors to buy the Swiss franc.
- Reuters
FOREX-Yen tanks 1.9% after BOJ sticks to stimulus, franc climbs again
The Japanese yen fell as much as 1.9% on Friday after the Bank of Japan bucked a wave of tightening and stuck with its ultra-low interest rate stance, as currency markets looked set for another volatile session after a spate of rate hikes this week. The Swiss National Bank's surprise decision to raise rates by 0.5% continued to reverberate through markets, with the euro losing half a percent and the franc heading back towards two-month highs hit immediately after Thursday's announcement. Currency markets, facing the biggest run of monetary policy tightening for decades, are also having to contend with a massive drop in risk sentiment that has sent equity markets tumbling.
- Reuters
FOREX-Swiss franc soars after shock rate hike; pound rises
The Swiss franc soared against the dollar and the euro on Thursday after the Swiss National Bank delivered a surprise interest rate hike, while the British pound rose after the Bank of England delivered a rate hike of its own. The SNB joined other central banks in tightening monetary policy in its first rate hike in 15 years, increasing its policy rate to -0.25% from the -0.75% it has deployed since 2015. The move put the Swiss franc on pace for its largest daily jump against the euro since the SNB ditched its currency peg in 2015, with the common currency tumbling 1.9% to 1.019 francs, a 2-month low.
- Reuters
FOREX-Swiss franc soars after shock rate hike; pound higher
The Swiss franc soared against the dollar and the euro on Thursday after the Swiss National Bank delivered a surprise interest rate hike, while the British pound rose after the Bank of England delivered a rate hike of its own. The SNB joined other central banks in tightening monetary policy in its first rate hike in 15 years, increasing its policy rate to -0.25% from the -0.75% it has deployed since 2015.
- Reuters
FOREX-Sterling drops, Swiss franc jumps after BoE and SNB rate hikes
The Swiss franc soared on Thursday after the Swiss National Bank (SNB) delivered a surprise interest rate hike, triggering its biggest daily jump against the euro since the central bank ditched its currency peg in 2015. In a volatile day for the British currency, sterling dropped after the Bank of England (BoE) raised interest rates by 25 basis points (bps), confounding forecasts by some market participants of a bigger hike to fight soaring inflation. The SNB joined other central banks in tightening monetary policy in its first rate hike in 15 years, increasing its policy rate to -0.25% from the -0.75% it has deployed since 2015.