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CurrencyShares Swiss Franc Trust ETF (FXF)

  • May 20, 2011, 8:01 AM
    "Learn to live with it," says Swiss economic minister Johann Schneider-Ammann of the strong franc. His remarks suggest the government isn't planning an intervention to weaken the currency. Anecdotal reports suggest Swiss industry is adjusting nicely. FXF +28.1% Y/Y.
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  • May 19, 2011, 8:46 AM
    Already weaker on the day following a fall in investor confidence, the swiss franc gives up more ground after finance minister Schlumpf says the strong currency is a problem. The swissie -0.6% at $1.128.
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  • May 18, 2011, 2:40 PM
    The dollar catches a bid in the wake of marginally hawkish Fed minutes. As has been the recent case, the euro is most volatile, sinking 60 pips in minutes, now -0.2% at $1.422.
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  • May 17, 2011, 4:30 PM
    Seeking alpha can get difficult as correlations move towards 1. The direction of currencies, especially during U.S. trading hours, seems to be hostage to each tick in the S&P. The euro and the aussie provide nice examples in today's action, with the aussie correlation especially strong over the longer term.
  • May 17, 2011, 9:16 AM
    Sterling gives up sharp gains following stronger than expected U.K inflation. Two reasons: First, the report is not likely to bring about tighter policy from the BoE, which is dug in on the transitory nature of higher prices. Second, a mild "risk on" day has morphed into a mild "risk off" day, bearish for currencies.
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  • May 16, 2011, 11:16 AM
    The "risk on" move that began around the time the East Coast woke up brings notable reversals in the currency market. The euro makes a particularly impressive move, gaining nearly 200 pips from its jittery opening in the wake of the DSK news. Somebody actually sold euros because of this? FXE +0.9%, UUP -0.6%.
  • May 11, 2011, 2:16 PM
    Not behaving as might be expected on a "risk off" day is the Swiss franc, solidly lower against the greenback for a 2nd consecutive session. The swissie buys $1.1269. FXF -0.8%.
  • May 10, 2011, 12:53 PM
    An outlier in the currency markets today, the franc is off 1.1% vs. the greenback after Swiss inflation comes in soft. The April rise was 0.3% Y/Y vs. expectations of a 0.7% increase, lessening the chance of a 2nd half 2011 rate hike from the SNB. FXF -1.15%.
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  • May 4, 2011, 10:55 AM
    Business is booming at FiREapps, where CEO Wolfgang Koester says U.S. firms are clamoring to hedge against dollar weakness. Jeff Macke notes companies getting swept up in this sort of worry could mark the sign of a market extreme - witness airlines' rush to hedge near the top of the 2008 oil mania.
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  • Apr. 29, 2011, 2:19 PM
    "Our economy is far from where we would like it to be," says Fed chief Bernanke at a conference about the challenges facing lower/moderate income communities. Gold likes what it hears, now surging 2% to $1,562/oz. The dollar plumbs fresh 30-month lows.
  • Apr. 29, 2011, 9:19 AM
    Despite the usual rhetoric about the desire for a strong currency, U.S. officials seem unconcerned with the weakening greenback. The current decline in the dollar isn't out of line with 3 of its other recent bear markets. The only problem is 2 of those 3 moves ended with major financial panics.
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  • Apr. 29, 2011, 8:33 AM
    The greenback falls to another record low vs. the swiss franc after SNB chief Hildebrand says current expansionary Swiss monetary policy poses a risk to price stability. Having waved goodbye to parity shortly after QEII began, the dollar now buys CHF0.8655. FXF +22.5% Y/Y.
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  • Apr. 27, 2011, 12:46 PM
    The key to the FOMC statement, and an all-clear signal to those who would sell greenbacks, may be that there were no dissenting votes after a number of recent comments from Charles Plosser and Richard Fisher indicated their discomfort with current monetary policy.
  • Apr. 27, 2011, 10:39 AM
    With 2 year yields near the bottom of a multi-month range and its measure of euro long sentiment at its highest level since December, Citi says investors are clearly leaning towards a dovish Fed statement. Anything other than that could see a reversal in recent price trends.
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  • Apr. 26, 2011, 10:13 AM
    FX markets yawn as Treasury Sec. Geithner defends the greenback, saying "we will never embrace a strategy to weaken the dollar ... our policy has been and will always be, as long as I will be in office, that a strong dollar is in the interest of the country."
  • Apr. 21, 2011, 11:37 AM
    The Fed's Real Broad Trade-Weighted Dollar Index drops to 40 year lows. Chart readers have a look - either a trend line has been broken with the next stop zero, or the greenback has hit resistance and is due for a serious bounce.
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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.
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Country: Switzerland
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