CurrencyShares Swiss Franc Trust ETF (FXF) - NYSEARCA
  • Fri, Jun. 24, 8:09 AM
    • The pound (NYSEARCA:FXB) is lower by 8.15% vs. the dollar to $1.3667. It's the lowest level in more than 20 years. It had sunk as low as $1.32 overnight.
    • The euro (NYSEARCA:FXE) is down 3% to $1.1045, the loonie (NYSEARCA:FXC1.8%, the aussie (NYSEARCA:FXA2.5%, and the Swiss franc (NYSEARCA:FXF2%.
    • Stronger vs. the dollar is the yen (NYSEARCA:FXY), up 3.5%.
    • UUP +2.7%, UDN -3% premarket
    • Previously: Futures down sharply as Europe crashes post-Brexit (June 24)
    | Fri, Jun. 24, 8:09 AM | 1 Comment
  • Thu, Jun. 16, 4:49 AM
    • Reiterating its longstanding warning that the franc is significantly overvalued, the Swiss National Bank left its negative interest rates unchanged at record lows, conserving ammunition ahead of a British vote on EU membership.
    • The SNB held its deposit rate at -0.75% as widely expected, and kept its target range for the three-month Libor unchanged at a range from -1.25% to -0.25%.
    • ETFs: FXF, EWL, SWZ, FSZ, HEWL
    | Thu, Jun. 16, 4:49 AM
  • Fri, May 13, 10:42 AM
    • Fixed-income markets are mostly yawning and equities are modestly lower, but the greenback adds to a sizable May rally after retail sales for April flew past consensus estimates.
    • UUP +0.7%
    • Markets may have been bracing for a weak print, given the string of disappointing earnings and guidance coming from some major retailers over the past several sessions. It turns out consumers are spending, it's just continuing to shift away from traditional spots like department stores.
    • The euro (FXE -0.7%), pound (FXB -0.6%), loonie (FXC -0.9%), swissie (FXF -0.5%), and aussie (FXA -1%) are leading the way down among overseas currencies. The yen (FXY -0.1%) is closer to holding its own.
    | Fri, May 13, 10:42 AM
  • Fri, Apr. 29, 11:34 AM
    • A board selloff in the greenback (UUP -0.7%) has gold (GLD +2%) eyeing $1,300 per ounce for the first time since early 2015. Gold is currently up 2.5% to $1,298.
    • There was modest disappointment in some 2nd-tier economic reports this morning, but other than that no clear reason for the dollar decline. Particularly strong are the euro (FXE +0.9%), Swiss franc (FXF +0.8%), and yen (FXY +1.1%). The commodity currencies (FXC +0.1%), (FXA -0.1%) aren't doing a whole lot even as oil takes out $46 per barrel.
    • ETFs: GLD, IAU, UUP, PHYS, SGOL, UGL, UDN, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, USDU, GYEN, GEUR, UBG, QGLDX
    | Fri, Apr. 29, 11:34 AM | 42 Comments
  • Thu, Mar. 17, 7:17 AM
    • That bright green across the screen isn't in honor of St. Patrick's Day. Instead, it's a strong bid for commodities and foreign currencies after the Fed yesterday cut its forecast for rate hikes this year to two from four.
    • This just in: Crude oil (NYSEARCA:USO) is up on the year, rising 1.6% today to $40.63.
    • Other movers: Gold (NYSEARCA:GLD+3.25% to $1,270. Silver (NYSEARCA:SLV+3.4% to $15.74, Copper (NYSEARCA:JJC+2,5% to $2.29, Platinum (PPLT, PTM+3% to $988, Lumber (NASDAQ:WOOD+3.5% to $297, Beans (NYSEARCA:SOYB+0.6% to $899.50, Corn (NYSEARCA:CORN+0.5% to $370.25, Wheat (NYSEARCA:WEAT+0.85% to $475.
    • The euro (NYSEARCA:FXE+1.15%, yen (NYSEARCA:FXY+1.3%, pound (NYSEARCA:FXB+0.85%, loonie (NYSEARCA:FXC+1.15%, aussie (NYSEARCA:FXA+1.3%, swissie (NYSEARCA:FXF+1%.
    • ETFs: DBC, DJP, GSG, RJI, GCC, USCI, GSP, GSC, CMD, DJCI, DEE, LSC, DYY, FTGC, UCI, DDP, BCM, UCD, COMT, CMDT, DPU, SBV, PDBC, CSCB, CSCR
    | Thu, Mar. 17, 7:17 AM | 25 Comments
  • Fri, Mar. 4, 12:09 PM
    • The soaring Swiss franc (NYSEARCA:FXF) in 2015 slashed the value of the central bank's massive foreign currency holdings, leading to a loss of CHF23.3B ($23.4B). FX losses where CHF19.9B and the value of the SNB's gold portfolio fell more than CHF4B.
    • The SNB, of course, shocked the world on Jan. 15, 2015 when it abandoned its ceiling on the franc's value vs. the euro. The franc subsequently rose more than 20%, before closing 2015 up 10% vs. the common currency.
    • Markets will fluctuate ... In 2014, the SNB booked a profit of CHF38.3B.
    | Fri, Mar. 4, 12:09 PM | 2 Comments
  • Fri, Jan. 8, 3:20 AM
    • The Swiss National Bank incurred a record loss of 23B francs ($23B) last year after the central bank's costly decision to abandon its currency cap against the euro.
    • While the appreciation of the franc that followed the Jan. 15 decision resulted in a loss of 20B francs on its foreign-currency positions, the SNB still plans a payout and dividends to the federal government and cantons.
    • ETFs: FXF, EWL, SWZ, FSZ, HEWL
    | Fri, Jan. 8, 3:20 AM
  • Mon, Jan. 4, 11:17 AM
    • Oil had been sharply higher after Saudi Arabia cut off diplomatic ties with Iran on Sunday, but it's tumbled more than $1 per barrel in the past few minutes, and is now modestly lower on the session at $36.95 per barrel. USO -0.55%
    • The dollar sold off overnight, but it's put in a strong rally over the past couple of hours. The greenback is now in the green (UUP +0.5%) against all the major currencies, and particularly strong vs. the Swiss franc (FXF -0.4%) and commodity currencies the aussie (FXA -1.9%) and loonie (FXC -0.7%).
    • U.S. equities are at session lows, the S&P 500 down 2.5% and Nasdaq off 3%.
    | Mon, Jan. 4, 11:17 AM | 12 Comments
  • Dec. 17, 2015, 3:39 PM
    • Word in trading circles was that king dollar was due for a leg down after the long-expected tightening in U.S. monetary policy, but the greenback (UUP +1%) has moved steadily higher since the Fed's move yesterday afternoon.
    • For today's session, the dollar is up 1.45% to its highest level since the ECB unexpectedly sat on its hands earlier this month. Among the losers vs. the dollar today are the euro (FXE -1%), loonie (FXC -1.2%), yen (FXY -0.6%), swissie (FXF -0.7%), aussie (FXA -1.6%), and pound (FXB -0.7%).
    | Dec. 17, 2015, 3:39 PM | 4 Comments
  • Dec. 10, 2015, 4:45 AM
    • The Swiss National Bank left its interest rates unchanged in negative territory today, declaring that it would remain active if necessary to weaken the highly-valued Swiss franc.
    • "Despite depreciating somewhat in recent months, the franc is still significantly overvalued," the central bank said in a statement.
    • The SNB kept its target range for three-month Libor at between -1.25% and -0.25%, and maintained a -0.75% interest rate on sight deposits.
    • ETFs: FXF, EWL, SWZ, FSZ, HEWL
    | Dec. 10, 2015, 4:45 AM | 2 Comments
  • Oct. 30, 2015, 4:14 AM
    • Switzerland's central bank is still digging itself out of a hole, but a Q3 profit helped reduce some of its record first-half loss.
    • Blighted by its foreign-currency holdings, the SNB reported a loss of 33.9B francs ($34B) for the first nine months of the year, following the removal of the franc's currency cap in January and subsequent intervention.
    • Results showed this has come at a considerable cost to the central bank, which previously warned shareholders it may not be able to maintain its regular payout policy.
    • ETFs: FXF, EWL, SWZ, FSZ, HEWL
    | Oct. 30, 2015, 4:14 AM
  • Oct. 2, 2015, 8:54 AM
    | Oct. 2, 2015, 8:54 AM | 16 Comments
  • Sep. 17, 2015, 4:00 AM
    • It looks like the the Swiss National Bank is done with its surprises for the year. As widely expected, the central bank kept its benchmark interest rate on hold today at a record low of -0.75%.
    • In January, the SNB roiled markets by removing the upper limit on the Swiss franc, allowing it to massively appreciate.
    • "Overall, the Swiss franc is still significantly overvalued, despite a slight depreciation," the central bank said. "Negative interest rates and the SNB's willingness to intervene as required make investments less attractive...easing pressure on the franc."
    • ETFs: FXF, EWL, SWZ, FSZ, HEWL
    | Sep. 17, 2015, 4:00 AM | 1 Comment
  • Aug. 21, 2015, 11:12 AM
    • The October Fed Funds futures contract is edging higher again today, and at 99.79 is just seven basis points lower than the August contract - meaning less than a one-in-three chance of a 25 basis point rate hike in September. The January contract is up to 99.675, putting the odds of a 25 point move anytime this year at just 75%.
    • One has to go all the way out to August 2016 to see 50 basis points of rate hikes priced in.
    • Alongside the reduced expectations of tighter policy, the dollar (UUP -0.8%), (UDN +0.6%) has fallen to a two-month low. For all the talk about "king dollar" this year, the greenback has been in a fairly clear downtrend since the start of the spring. It's still up about 3.5% on the year.
    • As for today's action, the biggest gainers vs. the dollar are the euro (FXE +1.1%), yen (FXY +0.9%), and swissie (FXF +0.6%).  Still losing ground are the commodity currencies - the loonie (FXC -0.7%) and aussie (FXA -0.2%).
    • ETFs: UUP, UDN, FORX, USDU
    | Aug. 21, 2015, 11:12 AM | 12 Comments
  • Jun. 29, 2015, 8:25 AM
    • The euro (NYSEARCA:FXE) knee-jerked lower by 1.5% on Sunday night after Greece shut its banks and stock market, and imposed capital controls, but has now recouped nearly all of that decline.
    • Other asset markets - namely stocks and interest rates - are showing no such reversal.
    • Behind the move in the euro is the Swiss National Bank intervening to prevent appreciation of the franc (NYSEARCA:FXF), which is now just marginally higher on the session.
    • “It is currently a very difficult situation and we are observing developments very closely,” says SNB cheif Thomas Jordon, speaking at a conference. He declined to give details about the size of the bank's intervention, the first such move since the SNB in January threw in the towel on its floor on euro/franc.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Jun. 29, 2015, 8:25 AM | 5 Comments
  • Jun. 29, 2015, 5:33 AM
    • The Swiss National Bank intervened in foreign exchange markets over the weekend in an effort to hold down the franc's rise amid uncertainty over Greece's future.
    • "We have always said that we are active in the foreign exchange market if necessary," SNB Chairman Thomas Jordan said at a finance event in Bern, Switzerland.
    • A Greek default would likely spark massive safe-haven flows into the Swiss currency and spur the SNB into action.
    • Euro is -0.4% to ₣1.0387.
    • ETFs: FXE, EUO, FXF, ERO, DRR, EUFX, ULE, URR
    | Jun. 29, 2015, 5:33 AM | 1 Comment
FXF Description
CurrencyShares Swiss Franc Trust is designed to track the price of the Swiss Franc net of Trust expenses, which are expected to be paid from interest earned on the deposited Swiss Francs.
See more details on sponsor's website
Country: Switzerland
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