USD-CHF currency pair is often called ‘The Swissie‘. The Swiss Franc is the last Franc still in issuance in Europe. CHF is shorthand for ‘Confoederatio Helvetica’ Franc, and represents the economy of the neutral nation situation in the center of Europe. Switzerland has long been a key banking center for customers around the world, and the secrecy with which they maintain their banking operations has made them one of the more desireable locations for storing cash. This has helped to bring considerable strength to the Swiss Franc, pressuring exporters from the nation. When the European Debt Crisis enveloped the continent, massive inflows into Swiss Francs made the situation worse until eventually the Swiss National Bank (SNB) created a peg to the Euro at a rate of 1.2 Swiss Francs for every 1 Euro. If the EURCHF currency pair fell below 1.20, the SNB proposed to sell CHF and buy EUR to support the 1.20 floor.
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|Thursday April 27 2017
Switzerland Trade Surplus Widens In March
Switzerland trade surplus rose to CHF 3.10 billion in March of 2017 from CHF 2.08 billion a year earlier and above market expectations of CHF 3.01 billion, as exports increased more than imports. Considering the first three months of 2017 the trade surplus was recorded CHF 11 billion.
|Friday April 07 2017
Swiss Jobless Rate Falls To 4-Month Low Of 3.4% In March
Swiss unadjusted unemployment rate fell to 3.4 percent in March of 2017 from 3.6 percent in February and in line with market estimates. It was the lowest jobless figure since November 2016, as the number of unemployed and jobseekers went down.
|Thursday April 06 2017
Swiss Inflation Rate Steady At Near 6-Year High
Swiss consumer prices increased by 0.6 percent year-on-year in March 2017, the same pace as in the previous month and above market consensus of a 0.5 percent gain. The inflation rate remained at the highest level since June 2011.