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CurrencyShares Swiss Franc Trust ETF (FXF)

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  • May 25, 2011, 8:38 AM
    Slightly down against the greenback, the euro again falls sharply vs. the Swiss franc to another all-time low. The franc is testing the will of Swiss policymakers who have begun to hint exporters can handle its strength and rate hikes may soon be coming.
  • May 24, 2011, 7:18 AM
    Chatter increases about a possible rate hike in Switzerland as "an export miracle" explodes myths a powering currency would destroy the sector. Percolating real estate prices are drawing the SNB's attention as well. The swissie is at or near all-time highs vs. the greenback and the euro.
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  • May 23, 2011, 2:55 PM
    It's RORO (risk-on-risk-off), not fundamentals, that dominates currency markets and makes them trade "through the looking glass," aruges HSBC's David Bloom. Analyzed in this fashion, the lifting of the U.S. debt ceiling - averting a crisis and thus being good news - should lead to a sell-off in the greenback.
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  • May 22, 2011, 9:30 PM
    The euro, -0.4%, vs. the dollar, is perhaps shaken up by the ferocity of the Socialist defeat in Spain. Any hint Spain will diverge from the policy of bringing its fiscal deficit under control could allow the debt contagion to spread past Portugal. Maybe more telling, the euro has hit an all-time low vs. the Swiss franc.
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  • 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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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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