With EUR / CHF on a Tear, the Swiss Are Getting Wound Up

The Swiss are going crazy because they can’t figure out what to do with their currency. Yesterday, EUR/CHF collapsed after SNB President Roth ruled out intervention. This morning, the currency pair has completely reversed its earlier losses because the Finance Minister said that the government would support the SNB in selling Swiss Francs.

It certainly smells like there are some political disputes over in Switzerland, which is never good for a currency. Either way, USD/CHF is in the buy zone and there is a lot of support around the 1.1375 to 1.1420 level. We could see a move up to 1.18.

Comments

[Stamper:]

What is the most efficient way to purchase Swiss francs with USD?

Jan 31 08:43 AM

[elliot_mllr:]

The easiest way is to buy the Swiss Franc ETF, symbol FXF


On Jan 31 08:43 AM Stamper wrote:

> What is the most efficient way to purchase Swiss francs with USD?

Jan 31 10:52 AM

[Rhett:]

Stamper, be careful. Swiss franc is down against the dollar and
has been for some time. Check the charts before you buy FXF.

Jan 31 01:02 PM

[Old Trader:]

Rhett,

EVERYTHING has been down against the dollar, with the exception of the yen. If, like myself, one's of the opinion that ultimately, there's a price to be paid for flooding the debt markets with Treasuries, Chf is hardly the worst way to play that scenario.

Just sayin'...


On Jan 31 01:02 PM Rhett wrote:

> Stamper, be careful. Swiss franc is down against the dollar and
>
> has been for some time. Check the charts before you buy FXF.

Jan 31 06:46 PM