CurrencyShares Swiss Franc Trust ETF
 (FXF)

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  • Apr. 22, 2015, 9:46 AM
    • The Swiss National Bank may have done away with the euro's floor versus the franc, but it's not going to stand for unbridled currency strength. The franc is sizably lower across the board today after the central bank said it will expand the number of sight-deposit accounts subject to negative interest rates.
    • “I don’t think these moves will reverse the franc strength," says a bank analyst. "A small haircut pales in comparison to depreciation in the euro or potentially worse if Greece defaults.”
    • The franc (NYSEARCA:FXF) is lower by nearly 1% vs. both the euro and dollar.
    | Apr. 22, 2015, 9:46 AM
  • Apr. 8, 2015, 7:32 AM
    • Switzerland laughs at Japan. The country today sold about $391M of long-term debt, with the 10-year portion of the paper priced to yield -0.055% - thus becoming the first country to get paid for borrowing as far as ten years out.
    • In the secondary market, Swiss notes maturing up to 11 years trade with yields less than 0%.
    • ETFs: EWL, FXF
    | Apr. 8, 2015, 7:32 AM | 19 Comments
  • Mar. 19, 2015, 8:04 AM
    • The PowerShares U.S. Dollar Bull ETF (NYSEARCA:UUP) is up 0.9% premarket after diving 2% yesterday following the Fed's surprisingly dovish outlook.
    • The euro is particularly weak, down 1.5% to $1.07 after climbing over $1.10 in very fast trade after the close yesterday. The pound (NYSEARCA:FXB) is down 0.6%, the yen (NYSEARCA:FXY0.5%, loonie (NYSEARCA:FXC1%, swissie (NYSEARCA:FXF1.3%, and aussie (NYSEARCA:FXA1.4%.
    • ETFs: UUP, UDN, UUPT, FORX, UDNT, USDU
    • Previously: Flash crash in the dollar (March 18)
    • Previously: Dollar off sharply as Fed slows rate hike estimates (March 18)
    | Mar. 19, 2015, 8:04 AM | 2 Comments
  • Mar. 18, 2015, 2:15 PM
    | Mar. 18, 2015, 2:15 PM | 1 Comment
  • Mar. 10, 2015, 8:02 AM
    • The greenback is higher across the board as the Fed goes into the blackout period ahead of the March 17-18 meeting at which nearly all now believe the FOMC will remove the word "patient" from its policy statement, thus putting a rate hike on the table at all future meetings.
    • The dollar is showing the most strength against the euro, aussie (NYSEARCA:FXA), and swissie (NYSEARCA:FXF) - up about 1% vs. all three.
    • Dollar ETFs: UUP, UDN, UUPT, FORX, UDNT, USDU
    | Mar. 10, 2015, 8:02 AM | 3 Comments
  • Mar. 6, 2015, 9:07 AM
    | Mar. 6, 2015, 9:07 AM | 1 Comment
  • Feb. 26, 2015, 9:00 AM
    • Core CPI gained 0.2% in January, double expectations, even as the oil-influenced headline number tumbled 0.7%.
    • The only thing barely holding back Fed rate increases at this point is too-low inflation, and if core CPI is going to start printing 0.2% on a monthly basis, markets probably ought to start pricing in at least a small series of rate boosts.
    • The dollar bull ETF (NYSEARCA:UUP) is up 0.6% premarket, with the greenback nicely in the green against the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), pound (NYSEARCA:FXB), swissie (NYSEARCA:FXF), and aussie (NYSEARCA:FXA).
    • ETFs: UUP, UDN, UUPT, FORX, UDNT, USDU
    • There were also a couple of not-so-hot economic numbers earlier: Durable goods ex-transport fell short of expectations, and jobless claims jumped well past consensus.
    | Feb. 26, 2015, 9:00 AM
  • Feb. 7, 2015, 2:11 PM
    • The Swiss National Bank had no option but to exit its minimum exchange rate policy as "the international environment had changed," said the head of the central bank, Thomas Jordan, citing the ECB’s new QE policy.
    • This would have put "enormous pressure on the franc" and forced the SNB to buy around 100B francs' ($108M) worth of foreign currency a month to defend the cap of 1.20 francs to the euro, he added.
    • The SNB unexpectedly scrapped its cap on the franc last month, sending the Swiss stock market plunging and pushing the franc to record highs.
    • "Economic growth will certainly be weaker than we forecast in December, and its possible we could have one or two quarters of negative quarterly growth," warned Jordan.
    • ETFs: FXF, EWL, FSZ, FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Feb. 7, 2015, 2:11 PM | 8 Comments
  • Jan. 27, 2015, 5:22 AM
    • Following comments from the Swiss National Bank's Vice President Jean-Pierre Danthine, the franc fell to its weakest level against the euro since the SNB abandoned its exchange-rate cap on Jan. 15.
    • The euro jumped to a 1.03826 against the franc from 1.0150 in early trading.
    • "We’re fundamentally prepared," Danthine told Swiss newspaper TagesAnzeiger. "The central bank accepted that the dropping of the cap on the franc against the euro represented a tightening of policy, but it remains ready to intervene in the currency market."
    • ETFs: FXF
    | Jan. 27, 2015, 5:22 AM
  • Jan. 19, 2015, 6:19 AM
    • After taking a beating last week following the SNB's surprise move to abandon the franc’s cap, Swiss stocks regained some stability today, with the Swiss Market Index up 3.2%.
    • Following the decision, the SMI plunged over 14% through Friday while the franc soared.
    • The franc still remains pinned at sky-high levels, hovering around one-to-one against the euro.
    • ETFs: FXF, EWL, FSZ
    | Jan. 19, 2015, 6:19 AM
  • Jan. 15, 2015, 7:09 AM
    • The Swiss market index is off by 11% after the SNB gives up its fight to cap the strength in the franc by defending the CHF 1.20 floor vs. the euro.
    • Interestingly, the iShares MSCI Switzerland ETF (NYSEARCA:EWL) is up 2.4% premarket as it's priced in dollars and the franc is higher by 16%.
    • There's no premarket action yet in the CurrencyShares Swiss Franc Trust (NYSEARCA:FXF).
    | Jan. 15, 2015, 7:09 AM | 13 Comments
  • Dec. 18, 2014, 7:29 AM
    • Attempting to defend its CHF1.20 floor for the euro, the SNB cuts its deposit rate to negative 0.25%, and expands its target range for three-month Swiss libor to -0.75% to 0.25%. Negative rates will be imposed on balance above CHF10M.
    • "The SNB reaffirms its commitment to the minimum exchange rate of CHF 1.20 per euro, and will continue to enforce it with the utmost determination."
    • Against the dollar, the franc (NYSEARCA:FXF) is off 0.65% to its lowest in more than two years, and it's weaker by 0.3% vs. the euro to CHF1.2046.
    • The Swiss stock market (NYSEARCA:EWL) is higher by 2%, inline with a broad European rally.
    | Dec. 18, 2014, 7:29 AM | 3 Comments
  • Dec. 9, 2014, 8:39 AM
    • Economists expect the Swiss National Bank might have to use negative rates to reinforce its line in the sand for the euro of CHF 1.20 should the ECB move ahead with QE next year.
    • The SNB has pledged on numerous occasions to "immediately" buttress the three-year-old cap if necessary, with one possible option a charge on deposits. The central bank is holding a policy meeting this week, but though no change is forecast, some wonder whether policymakers shouldn't get out in front of any ECB change.
    • The euro (NYSEARCA:FXE) is currently pressing right down on its floor, buying 1.2023 Swiss francs (NYSEARCA:FXF).
    | Dec. 9, 2014, 8:39 AM
  • Nov. 19, 2014, 12:26 PM
    • Completing a steep-walled "V," gold has quickly retaken the ground it lost in minutes this morning, now nearly flat on the session at $1,195 per ounce.
    • The FOMC minutes due at 2 ET may have traders jumpy, and disappearing support for a Swiss ballot initiative forcing that country's central bank to boost holdings of gold also works just fine as an excuse. though the chances of this passing have always been low.
    • The latest poll shows just 38% supporting the Save Our Swiss Gold Initiative - which would forbid the central bank from selling any gold and force the repatriation of bullion held in some overseas spots. Supporters say 3-years of trying to prevent the franc's rise have left the Swiss National Bank balance sheet bloated with euros. The swissie (NYSEARCA:FXF) is marginally higher on the session.
    • Previously: Gold bid disappears - down $20 in minutes
    • ETFs: GLD, IAU, SGOL, UGL, DGP, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, TBAR, UBG, GLDE, GYEN, BAR, GEUR, BARS, GGBP
    | Nov. 19, 2014, 12:26 PM | 13 Comments
  • Nov. 5, 2014, 7:38 AM
    • The greenback is well-bid following the GOP victory overnight, with the dollar index higher by 0.6% (a fairly sizable move for this product).
    • UUP +0.65% premarket.
    • Dollar ETFs: UUP, UDN, FORX, UUPT, UDNT, USDU
    • The euro (NYSEARCA:FXE) is lower by 0.5% vs. the dollar; the pound (NYSEARCA:FXBby 0.6%; the yen (NYSEARCA:FXYby 1%; the Swiss franc (NYSEARCA:FXFby 0.5%, the aussie by 1.4%, and the loonie by 0.3%.
    • On the flip side, precious metals continue to tumble, with gold (-2.3%) and silver (-4.7%) at more than four-year lows.
    | Nov. 5, 2014, 7:38 AM | 1 Comment
  • Oct. 29, 2014, 2:30 PM
    • While the statement - an end to QE, retention of the "considerable time" language, chatter about improving employment -wasn't much a surprise, the fact that the dissent came from the dove camp suggests perhaps there was a bit more hawkishness in the conference room than past meetings.
    • In any case, while stocks and longer-dated rates have a relatively subdued reaction, money is moving into the greenback (UUP +0.7%), with the euro (FXE -0.7%), yen (FXY -0.7%), pound (FXB -0.2%), Swiss franc (FXF -0.6%), loonie (FXC -0.4%), and aussie (FXA -0.6%) all considerably lower than they were 30 minutes ago.
    • ETFs: FXE, UUP, FXY, EUO, FXA, YCS, UDN, ERO, JYN, DRR, CROC, FORX, UUPT, UDNT, YCL, EUFX, ULE, USDU, URR, GDAY
    • Previously: QE ends, "considerable time" language stays for now
    | Oct. 29, 2014, 2:30 PM
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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