The Swiss franc declined as Switzerland signaled that it may take steps to further weaken then nation’s currency, which is already subdued by its peg to the euro.
Swiss Franc Rallies Despite Positive Market Sentiment
November 29th, 2011 at 1:33
Swiss Franc
The Swiss franc advanced yesterday and kept its gains today even though the market sentiment was favorable to riskier currencies, not safer ones.
Small Relief for Swiss Franc
November 18th, 2011 at 8:53
Swiss Franc
The Swiss franc had a small relief today, rising after four consecutive sessions of losses, but it’s unlikely that the currency could profit from worries about Europe.
SNB Resists Urge to Weaken Franc Further
November 10th, 2011 at 12:32
Swiss Franc
The Swiss franc strengthened today on the speculation the Swiss National Bank will refrain from raising the ceiling for the currency in the near future.
Franc Drops as CPI Falls, SNB Ready to Intervene Again
The Swiss franc weakened today after the report showed that the inflation in Switzerland unexpectedly declined, spurring the speculation that the central bank may tighten the peg of the Swiss currency to the euro.
Swiss Franc Lower as Foreign Currency Reserves Decline
November 05th, 2011 at 2:12
Swiss Franc
The Swiss franc dropped after Switzerland’s central bank reported that the nation’s foreign currency reserves decline last month.
Franc Down as Swiss Economy Loses Momentum
November 02nd, 2011 at 1:25
Swiss Franc
The Swiss franc dropped today as the declining retail sales and the PMI spurred the speculation that Switzerland’s economy is losing steam.
Franc Gains vs. Dollar, Retreats vs. Yen
October 29th, 2011 at 4:22
Swiss Franc
The Swiss franc gained as the problems in Europe made traders flock to the currency, even though it’s hard now to be consider the Swissie a ”safe currency” after the euro-peg was implemented by the central bank. That peg was likely the reason the franc wasn’t been able to rise against the euro, while the troubling signs from Switzerland itself made investors prefer to buy the yen than the Swiss currency.
Franc Continues to Profit from Troubles in Europe
October 22nd, 2011 at 4:57
Swiss Franc
With all the uncertainty about the outcome of the coming European Union summit Forex traders remembered that the Swiss franc was considered a safe currency and flocked to the Swissie in search of a refuge from the market volatility.
Franc Finds Strength in Fears of European Crisis
October 20th, 2011 at 15:54
Swiss Franc
The Swiss franc gained today as many traders remained unconvinced about ability of the European leaders to find a cure for the region’s failing economy, driving Forex market participants to the perceived safety of the Swiss currency.