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CHF

Swiss Franc – Daily Market Updates keep our customers aware of the latest CHF exchange rates, charts and rate changes in the major CHF cross currency pairs. This allows you to take advantage of any market moves in Swiss Franc rates plus low margins from our online FX payment partners to ensure you get the best possible exchange rates deals.

 

Booming Commodities Can’t Save Australian Dollar

The Australian dollar is at or near multi-month lows against a number of major currencies in spite of a rampant iron ore market — once a great influence on AUD.

Last update: 15 Jun, 2019

Dollar Turbocharged by Economic Data; At Long-Term High Versus Euro, Franc and Krona

A turbocharged US dollar is likely to be “stronger for longer” after reaching long-term highs against a host of major currencies, including the euro, Swiss franc and Swedish krona.

Last update: 25 Apr, 2019

Swiss Franc Slumps to 6-Month Low Versus Euro

The Swiss franc continued its shocking run of form on Tuesday, slipping against the euro to its weakest level in 6 months.

Last update: 23 Apr, 2019

Outlook for Singapore Dollar Is Bright; Swiss Franc Strong In Spite of Ultra-Loose SNB

The Singapore dollar weakened on Tuesday but is forecast to be the best performing Asian currency in 2019. In Europe, political uncertainties have driven funds into the Swiss franc, elevating its price. The SNB has re-affirmed its commitment to market interventions, which means EUR/CHF at Fr1.1 will be a difficult nut to crack.

Last update: 8 Jan, 2019

Undervalued Australian Dollar Higher in 2019 (CIBC); Franc, Yen at Multi-Month Highs on Haven Demand

There’s been no letup over Christmas for the Australian dollar, which continues to threaten the 70-US cents handle. The Aussie may appreciate as high as 78 cents in 2019, an expert has said. Meanwhile, safety-driven inflows have forced the franc and yen much higher, but oil prices continue to weigh heavily on the Canadian dollar.

Last update: 29 Dec, 2018

Will the Swiss Franc Be Shaken by Populist Referendum?

A referendum in Switzerland on Sunday will ask whether Swiss law should take precedence over international laws, particularly those coming from the EU. A vote by the people to take back legislative control would undoubtedly weaken the Swiss franc.

Last update: 24 Nov, 2018

Australian Dollar and Euro Heading Higher, Experts Say

Weakness in the Australian dollar since Friday is to be short-lived, experts at National Australia Bank have said. A rally in AUD/USD to 0.74 is on the cards, as are politically-driven moves in EUR/GBP and EUR/CHF towards 0.92 and 1.2.

Last update: 20 Nov, 2018

Dollar Strikes 16-Month High; Euro FX Down in the Dumps; Mexican Peso Falls Sharply

Developments outside the US allowed for the dollar to appreciate against a basket of currencies to a sixteen-month high on Wednesday. The ICE-maintained US dollar Index, which provides a weighted-mean measure of the greenback’s value against the euro, British pound, Swiss franc, Canadian dollar, Japanese yen and Swedish krona, traded above 97.0 for the second […]

Last update: 31 Oct, 2018

“Avoid GBP,” Forecasters Say; Swiss Franc Volatility to Increase

GBP British Pound Sterling Exchange Rate Forecast Brexit

It’s no time to be brave with your British pounds, think foreign exchange experts at Crédit Agricole. “Stay conservative; avoid GBP,” the bank’s research team wrote on Tuesday. The pound has had a mixed year. As of writing, its 3.9 percent year-to-date loss against the US dollar ($1.299) is balanced by a 5.2 percent gain […]

Last update: 3 Oct, 2018

Frightening FX Losses in Argentina; SNB Might Intervene to Weaken Franc

The currency situation in Argentina is becoming desperate. In a single three-hour period on Thursday, the Argentine peso shed 19 percent of its value as it slid to 41.47 to the dollar. The peso had already lost 45 percent since January. With the peso’s spiral downwards, default risk in Argentina moves ever higher, resulting in […]

Last update: 31 Aug, 2018

Swiss Franc Overvalued but Bearable, Says Finance Minister; Is Heading to 1.22 Versus Euro

The Swiss franc remains overvalued at the current rate of 1.16 francs per euro, said Swiss finance minister Ueli Maurer on Wednesday, but the currency is finally at levels that Switzerland “can live with.”

Last update: 19 Jul, 2018

Dollar Soars and Euro Tanks as Central Banks Plot Different Paths

The euro plunged on Thursday and the US dollar had one of its best days in recent memory after two of the world’s most important central banks announced decisions on monetary policy. EUR/USD, now at 1.156, shed 2 percent, marking its biggest one-day decline since the summer of 2016. Offering contrasting messages were the US […]

Last update: 15 Jun, 2018

Swiss Franc Slides to Symbolic 1.2 Per Euro Level, Cheered On by SNB

Thursday and Friday saw the Swiss franc slide through the symbolic 1.2 per euro level at which the Swiss National Bank capped the franc’s value prior to “Francogeddon” in January 2015. The franc has weakened steadily since it traded at 0.965 per euro in the aftermath of the SNB’s abrupt abolition of the currency cap, […]

Last update: 28 May, 2018

EUR/CHF Heading Higher on Policy Divergence; BAML Sees 1.20 as “Minimum Target”

The euro is set to rally against the Swiss franc to levels between 1.18 and 1.20, and perhaps beyond, according to a consensus opinion of bank research teams. The euro ended Wednesday’s New York session buying 1.1542 francs and has so far averaged 1.11 francs in 2017. The driving force for euro appreciation against the […]

Last update: 28 May, 2018

Sterling Soars, Yen the Casualty at the End of Eventful Week

The British pound rose on Friday to its highest level against the dollar since the UK’s historic ‘Brexit’ vote in June of last year. By lunchtime in London, the pound was buying $1.3616, capping a brilliant fortnight in which it has risen from rates close to $1.29. On minor profit taking, the currency settled back […]

Last update: 28 May, 2018

Missile Test Whipsaws Yen and Swiss Central Bank Speaks on Franc

Investors were rattled on Friday morning following the news that North Korea had launched another missile over northern Japan. After traversing the island of Hokkaido, the missile is said to have travelled a further 1200 miles before landing in the Pacific Ocean. The North Korean regime preceded its test with statements that it would “sink” […]

Last update: 28 May, 2018

USD/JPY Finally Breaks 108 on Hurricane Irma Concerns

The trading week ended as it began, with investors selling the dollar and seeking the safety of the yen and Swiss franc. This time, rather than North Korea, investors have been unnerved by Hurricane Irma – a potentially deadly storm, likely to reach Florida on Saturday evening, that is expected to cause significant economic damage. […]

Last update: 11 Feb, 2020

Geopolitics Take Centre Stage, Gives Lift to Yen but US Dollar Remains on the Ropes

Investors fled to the safety of gold, government bonds and the Japanese yen on Tuesday as geopolitics took centre stage. After North Korea fired a missile over Japan, money flooded into gold, which rallied to a nine-month high of $1,325, and into yen, which strengthened to the low 108s against the dollar. Prices for Treasuries, […]

Last update: 28 May, 2018

Total Eclipse of FX Drama

Asia opened with Friday’s news that Stephen Bannon, another top White House official, got canned/resigned.  They didn’t seem to care. Traders didn’t care about a report that a US Navy destroyer collided with an oil tanker in the Strait of Malacca.  And they didn’t care that about the start of South Korea/US war games, either. […]

Last update: 21 May, 2018

EURUSD Boosted by GDP Data

EURUSD traded sideways, but well-above yesterday’s in the 1.1735 area until the European session opened.  Seasonally-adjusted, Eurozone Q2 GDP posted a 2.2% gain, topping the 2.1% that was predicted.  Eurozone nations also recorded better than expected GDP data, suggesting that the recovery is improving and is broad based. EURUSD bounced between 1.1692 and 1.1757 on […]

Last update: 21 May, 2018

US Dollar Extends Gains

The US dollar opened in New York on a firm footing.  The greenback scratched out added gains against the majors, except for the Swiss franc. Sterling was lively albeit in thin markets due to a series of Assumption Day holidays throughout the Eurozone. GBPUSD traded with a negative bias in Asia and bias proved fortuitous […]

Last update: 21 May, 2018

Dollar Firms and Risk Aversion Fades

The US traded higher overnight and opened in New York with gains against all the majors except for the Japanese yen.  US Secretary of State Rex Tillerson managed to calm a hysterical anti-Trump media warning of nuclear war. The Reserve Bank of New Zealand (RBNZ) got things going at the Asia open.  They left their […]

Last update: 21 May, 2018

“FIRE and Fury”

A petulant President in the White House.  A psychotic Supreme Leader in North Korea.  What could go wrong? In a war of words to rival any day-care drama, Trump got his yellow-dyed hackles up after endless rants by the NK nutbar. The US President, displaying all the tact and diplomacy of a spoiled two-year old, threatened […]

Last update: 21 May, 2018

Dog Days of Summer Baying at the Moon

It’s not the hounds of Bakersfield you hear, it is FX traders howling at the static prices on their screens. If Monday’s trading action was in slow-motion, Tuesday’s was stop-motion. In Asia on Monday, NZDUSD was under pressure after Q3 inflation expectations fell and it remained soft today.  The RBNZ policy meeting is Thursday. AUDUSD […]

Last update: 21 May, 2018

Drama in Asia as the Yuan Spikes to 10-Month High Amid Speculation of a Wider Trading Band

Tuesday’s Asian session was stirred by a surprise surge in the Chinese yuan. Starting around 9:30am in Beijing, the yuan began rallying strongly against the dollar, with offshore rates declining (the yuan strengthening) to 6.7024 by 1pm, from rates earlier in the session around 6.73. Onshore yuan easily broke the 6.7 level and as of writing […]

Last update: 28 May, 2018

EURUSD Grinding Higher

EURUSD and GBPUSD were the only currency pairs to advance against the greenback, overnight. EURUSD found a 1.1790 low in the Asia morning and then climbed steadily to 1.1867 in the European session when Eurozone June PPI inflation dipped to 2.5% from 3.4% in May.  Bullish technicals, the Fed on hold and the belief that […]

Last update: 21 May, 2018

There’s a “Perfect Storm” for Swiss Franc Depreciation, Currency at 18-Month Low Versus Euro

The recent plunge in the Swiss franc continued on Friday with the currency falling to new multi-month lows against several of the other majors. Against the euro, Switzerland’s currency fell to an eighteen-month low of €0.88 (EUR/CHF 1.1363). The franc has fallen in near-vertical fashion this week and the pace of its fall has only […]

Last update: 28 May, 2018

Doveish Fed Crushes US Dollar

The July 26 Federal Open Market Committee (FOMC) meeting was expected to be benign.  It wasn’t, judging from the FX market reaction. The FOMC left rates and policy unchanged.  That was universally expected.  They dropped a broad hint that balance sheet normalization would begin in September.  A lot of analysts expected that as well. They […]

Last update: 21 May, 2018

FX Markets Skittish Ahead of FOMC

No one really expects the Federal Open Market Committee to be anything but benign with regards to Wednesday’s FOMC policy statement.  Yet, FX markets are struggling to find fresh direction and remained trapped in cramped ranges in another dull, overnight session In Asia, the minutes from last week’s Bank of Japan policy meeting were released. […]

Last update: 21 May, 2018

Loonie Underpinned by Broad US dollar Weakness

USDCAD opened in New York right where it closed on Friday, following an uneventful overnight session It was a slow start to the week in Asia. USDJPY opened at the session high of 111.18 and was trading at 110.70 at the New York open.  The Markit PMI data was a tad lower than forecast (Actual […]

Last update: 21 May, 2018

Loonie Firm Ahead of Inflation Report

USDCAD is hovering around major support (1.2575) ahead of this morning’s May Retail Sales and inflation data.  June CPI is forecast to rise 1.0%.  vs. May 1.3%.  A better than expected number will drive USDCAD toward 1.2510 while a weaker number may get ignored.  The Bank of Canada is willing to look past weak inflation […]

Last update: 21 May, 2018

China Data Doesn’t Inspire

China released a series of better-than expected economic reports that were viewed with a jaundiced eye by traders.  China Q2 GDP rose to 6.9 % a tick higher than the 6.8% that was expected. Industrial Production was a robust 7.6%, well-above the 8.5% that was forecast. However, the quality of the data is questionable as […]

Last update: 21 May, 2018

Yellen on Deck

Fed Chair Janet Yellen testifies before Congress this morning.  The lead-up to this testimony has really put a damper on FX markets as traders stayed close to home, in case she delivers a fresh take on interest rates. Remember, the Bank of Canada decided to look past low inflation when they switched to a hawkish […]

Last update: 21 May, 2018

FX Majors Adrift in Narrow Ranges

FX traders didn’t get excited about much in a dull overnight session which saw the majors bouncing inside tight trading bands. Despite wishful thinking to the contrary, the Wednesday afternoon release of the FOMC minutes, did not deliver any surprises. They didn’t give any reason to buy US dollars, or sell them, for that matter. […]

Last update: 21 May, 2018

Loonie Flying High on Rate Talk and Oil

USDCAD broke below the psychologically important 1.3000 level again during the Asia session. The decline stalled above major support in the 1.2965 and is currently flirting with 1.3000 again. The Asia session kicked off with a host of economic data reports from Japan, including CPI, Employment, and Industrial Production.  M Inflation was unchanged at 0.4%, […]

Last update: 5 Dec, 2018

US Dollar Soft on Approach to Month End

FX markets were a tad less frantic, overnight. The US dollar continued to inch lower against the majors except for the Japanese yen and the New Zealand dollar. USDJPY bounced in a 112.14-40 range until mid-morning in Europe when it popped to 112.63, supported by demand for EURJPY. AUDUSD rode a pop in iron ore […]

Last update: 21 May, 2018

Draghi Takes a Walk on the Hawkish Side

Draghi came from Brussels, it’s not in F L A Flew first-class to Sintra, which isn’t in the USA Plucked his feather on the way Then the dove was a hawk He said “hey babe take a walk on the hawkish side:” (Apologies to Lou Reed) EURUSD roared to life in Europe, rising from 1.1182 […]

Last update: 21 May, 2018

US Dollar Firmer-Durable Goods Data Due

The US dollar started the New York sessions with modest gains compared to Friday’s close.  That wasn’t the case in Asia where several markets were closed for holidays. USDJPY inched higher to start the day and then accelerated in Europe, rising from a low of 111.15 to 111.70. A rise in Asia equity indices an […]

Last update: 21 May, 2018

Greenback Slips in Quiet Trade

The US dollar is starting the New York session with tiny losses across the board in an uneventful overnight session. AUDUSD and NZDUSD inched higher, supported by a bit of a bounce in oil prices. NZDUSD is still receiving help from RBNZ’s non-doveish stance. Nevertheless, NZDUSD is still lower than it was on Monday in […]

Last update: 21 May, 2018

Twitchy Traders Tracking Crude

It has not been a stellar week for top tier economic data in Europe or the US. Traders are left scouring headlines and charts for something to justify their trades. They found it in oil, “Texas tea,” black gold”. However, they didn’t load up the truck and move to Beverley; Hills that is; swimming pools […]

Last update: 21 May, 2018

Bubble, Bubble Oil and Trouble

Oil spills are messy and this latest bout of WTI price declines is no different. The 5.3 percent fall in WTI prices between Monday and Tuesday, talk of a “bear” market and rampant scepticism that Opec production cuts can offset rising production elsewhere are behind the move. Tuesday’s, end of day, API Weekly Crude stocks […]

Last update: 5 Dec, 2018

“Too Early to Raise UK Rates” says Mark Carney

Bank of England Governor Mark Carney said, in reference to the outlook and timing of  UK rate hikes, “ From my perspective, given the mixed signals on consumer spending and business investment, and given the still subdued domestic inflationary pressures, in particular anaemic wage growth, now is not yet the time to begin that adjustment” […]

Last update: 21 May, 2018

Bearish Bias For USDCAD

The US dollar retreated in overnight markets. The greenback has fallen against the G7 currencies, except against the Japanese yen in a bout of pre-weekend profit taking. The Bank of Japan interest rate decision and policy statement was the story in Asia.  The BoJ left interest rates unchanged, as expected and left the JGB target […]

Last update: 21 May, 2018

Dollar Firms Following Fed

The US dollar flexed its muscles after the FOMC meeting, yesterday afternoon.   The Fed raised the target range of federal Funds by 0.25% to 1.0-1.25%, which was well-telegraphed and almost unanimously expected. They tweaked some forecasts. Inflation is 2017 was lowered to 1.7% from 1.9% while GDP growth was nudged higher to 2.2% in 2017. […]

Last update: 21 May, 2018

China Data Supports Commodity Currency Bloc

The commodity currency bloc (AUD, NZD and CAD) were the only currencies to gain against the US dollar, overnight.  Those gains were partially fueled by “mixed” to “better-than-expected” China economic data. China May Retail Sales rose 10.7%, y/y unchanged from April but a tick better than the forecast. Industrial Production rose 6.5%, y/y beating the […]

Last update: 21 May, 2018

USDCAD Sinks on Hawkish BoC

The Canadian dollar outperformed all other G10 currencies against the US dollar, overnight.  USDCAD dropped dramatically just after lunch-time yesterday when Bank of Canada Senior Deputy Governor Carolyn Wilkens signaled a shift in the BoC’s interest rate policy.  When talking about improvements in the domestic economy, she said “If you saw a stop light ahead, […]

Last update: 21 May, 2018

FOMC and Trump are on the Agenda

FX traders won’t be in any hurry to drive the US dollar very far from its current levels against the majors until they hear from the FOMC on Wednesday afternoon.  The Fed is almost unanimously expected to raise interest rates by 0.25%.  The volatility will come from forecast changes and from discussions or news about […]

Last update: 21 May, 2018

Traders on Edge Ahead of ECB meeting

The wait until Thursday’s ECB meeting kept traders on edge in Asia and Europe.  The US dollar had modest gains against the euro and Swiss franc band tiny losses against the rest.  The exception was the Australian dollar which enjoyed a strong rally. EURUSD plummeted in early New York trading, and dropped from 1.1275 to […]

Last update: 21 May, 2018

Dollar Advance Beached on D-Day Anniversary

Seventy-three years ago today, the allies were storming the beaches of Normandy, the beginning of the push to free Europe from the clutches of Nazi Germany. Today, the Germans and Brits are at it again.  This time, the battlefields aren’t beaches, but balance sheets. EURUSD traded higher in Asia.  It came under selling pressure mid-morning […]

Last update: 21 May, 2018

Sterling Ignores Latest Terror Attack

Traders were quick to buy Sterling after an early Asia morning drop. GBPUSD gapped lower, dropping from 1.2890 to 1.2857 and then bounced to 1.2908 in early New York trading. Sterling got an added boost from an upgraded World Bank forecast that lifted the UK growth forecast to 1.7% from 1.2% in January which seemed […]

Last update: 21 May, 2018

US Dollar Index Falls to 7-Month Low on Poor Jobs Data

The US dollar fell across the board yesterday and the Dollar Index (DXY) fell to 96.67 – its lowest in nearly seven months – following a highly disappointing US jobs report. For traders, the monthly report, which includes numbers for US non-farm payrolls, average hourly earnings growth, as well as the unemployment and participation rates, […]

Last update: 28 May, 2018

Loonie Ignores Oil Price Drop

Oil prices retreated overnight, giving back all of yesterday’s gains and then some. Rising Libyan crude production (800,000 b/d) and rising US shale production combined with high crude inventories have oil bears in the oil patch.  WTI oil prices tested May uptrend line support at $48.70, when New York opened. The decline in WTI did […]

Last update: 5 Dec, 2018

Lots of Smoke but No Fire

Draghi raised concerns in holiday thinned FX markets.  In the end, they proved to be just smoke and not a fire. North Korea launched another and modestly more sophisticated missile on the weekend which annoyed Japan A weekend poll in the UK showed a shrinking Tory lead which led to GBPUSD selling on Monday.  GBP […]

Last update: 21 May, 2018

Welcome Back Canada

Canadians are returning to work from what was for many, a very soggy Victoria Day long weekend. EURUSD spiked higher on Monday after German chancellor Angela Merkel told some students in Berlin that a “too weak” euro was behind Germany’s large trade surplus. FX traders only heard “too weak Euro” and the single currency spiked […]

Last update: 21 May, 2018

Loonie Surges on Soaring Oil

The Canadian dollar is off the sidelines and finally participating in the broad US dollar sell-off. USDCAD inched lower overnight on the back of rising oil prices that pushed WTI briefly above $50.00/barrel The Asia FX session was subdued. USDJPY consolidated this week’s losses in a 111.12-111.68 range. It was down for the week but […]

Last update: 21 May, 2018

Loonie Gets the Moody’s Blues

Moody’s Investor Service downgraded the six largest Canadian banks at the end of the day on Thursday and the Loonie got knocked for a loop in Asia. USDCAD closed at 1.3655 on Wednesday and spiked to 1.3741 in Asia.  European traders didn’t seem concerned with the Moody’s report and the sold USDCAD and drove it […]

Last update: 21 May, 2018

Risk Pops as Vix Drops

Spring is in the air and so is “risk.”  The French election and the scaremongering about an anti-euro, right wing politician becoming president proved fruitless. VIX, the so called “fear-index” on the Commodity Board Options Exchange is at lows not seen since 2007. The improved risk tone and the prospects for higher rates in June […]

Last update: 21 May, 2018

Trump Whacks Loonie with Softwood Lumber Stick

President Trump took a soft-wood lumber stick and whacked the Loonie upside the head. The US is imposing a 20% counter-vailing duty on Canadian softwood lumber imports.  And the Canadian Dairy industry is in the cross-hairs. For President Trump, the Canadian Softwood lumber and Dairy industries are easy wins for the man promoting” Fair Trade, […]

Last update: 6 Jun, 2018

FX Majors Choppy Inside Narrow Ranges

FX markets were in full consolidation mode overnight The majors were choppy but activity was confined to this week’s week-defined ranges. The Paris terrorist attack and uncertainty around the April 23, French election kept traders on the sidelines. The US dollar opened in New York with tiny gains against EUR, GBP, and NZD.  It was […]

Last update: 21 May, 2018

Loonie and Greenback Both Lower

The US dollar opened in New York on the defensive.  Regional economic data releases, French politics, and North Korea bluster, all played a role. In Asia, better-than expected New Zealand inflation data (CPI Actual 2.2% vs forecast 2.0%, y/y) powered NZDUSD from 0.6998 to a peak of 0.7050 by the time Europe opened. That move […]

Last update: 21 May, 2018

Brakes Applied To dollar Slide

The US dollar has put the brakes on this weeks decline and has opened in New York with gains across the G10 spectrum.  Most of those gains were at the expense of the commodity currency bloc and the Japanese yen. In Asia, Sterling failed to extend gains made after the British Prime Minister called a […]

Last update: 21 May, 2018

Sterling Soars on May’s Election U-Turn and Switzerland Denies Currency Manipulation

Described as a “game-changer” by Deutsche Bank, British prime minister Theresa May’s decision to call a snap general election was the big story of the day on Tuesday and has reignited sterling exchange rates. For months Theresa May had played down the possibility of an election earlier than 2020. In the eyes of many of […]

Last update: 28 May, 2018

Wednesday’s Data to Breathe New Life into FX, and Time to Buy Your Sterling

The FX markets welcome China back from a two-day holiday on Wednesday, and markets will be hopeful that the Asian giant’s re-introduction, combined with a host of US data, will spark new life into what has been an uneventful start to the FX week. Again yesterday, like the day before, some of the world’s most […]

Last update: 21 May, 2018

World First’s selection of 11 global events for sports lovers in 2016

A new year brings a wealth of sporting delights around the world, from Euro 2016 to the Invictus Games. Here at World First, we help people transfer money around the world. Some of the people we help in 2016 might be out in the US for the Ryder Cup golf, and enjoy it so much […]

Last update: 21 May, 2018

World First’s list of 101 things to do around the world in 2016

Want to do something different in 2016? We’ve scoured the world for the biggest, messiest, noisiest, most iconic and, frankly, the weirdest events around the world to compile the ultimate list of 101 things to do around the world in 2016. From sport to music, festivals to the weird and wonderful, we’ve got you covered. […]

Last update: 21 May, 2018

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