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Thread: Switzerland Fundamental

  1. #1
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    Switzerland Fundamental

    Switzerland currency franch are known as a save heaven currency. Because franch value ussually more expensive every years. This country known because of their bank credibility.

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    Re: Switzerland Fundamental

    Franc Jordan Credibility Test
    Saturday, April 7, 2012 1:41 pm

    Monexnews - The credibility of the acting governor of the Swiss National Bank, Thomas Jordan, the center received a severe test of investors with increasing confrontation with the monetary policy restrictions Franc against the Euro exchange rate.

    Within a few minutes after the franc versus the euro through the boundaries of 1:20 for the first time since the restrictions took effect on 6 September, the central bank reiterated its determination to resist any further pressure to limit their currency's value. Jordan puts it into the spotlight of investors who try to find out about how much he will keep the commitments of central bank restrictions.

    "The movement has become an early warning for the SNB," said Peter Rosenstreich, chief forex analyst at Swissquote Bank SA in Geneva. "So far they have been successful verbal intervention to block the pressure and this is a classic battle between the central bank and the market. But the market will increasingly question their credibility, so the central bank should respond in some way."

    Despite the SNB did not officially reveal about market intervention measures to reduce the rate of Franc, recent data indicate if the SNB foreign currency reserves have increased to 237.5 billion francs ($ 258 billion) at end March from 227.2 billion francs the previous month. SNB alone had been spent about 17.8 billion francs in 2011 as an effort to stem what they called a "overvaluasi currency".

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    Re: Switzerland Fundamental

    The Swiss franc remains overall flat, with the losses made against the USD and the JPY offset by gains made against the rest of the majors. Against the euro and the CAD the Swissie remains close to unchanged. Earlier data today showed that for March the unemployment rate in switzerland eased lower. An earlier 3-month bill auction was concluded at a negative yield as investors still opted for safety as opposed to returns.

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    Re: Switzerland Fundamental

    The report, KOF Economic Research Agency, publishes the Swiss KOF economic barometer: the report on the increase, seasonally adjusted to 0.08, compared with -0.12 in the previous month.

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    Re: Switzerland Fundamental

    Outlook CHF
    Published on 12 April 2012 08:35 0 Comments
    • Investors are trying to avoid the risk of following the Swiss franc traded at around 1.20 per euro on Wednesday, but fears of intervention steps Swiss National Bank (SNB) has limited the strengthening of the franc.
    • Uncertainty about the prospects for global economic growth and concerns about Europe's debt crisis has made investors more cautious. SNB has pegged the exchange rate of Swiss francs per euro at 1:20 on 6 September.
    • Franc moving relatively flat against the euro compared with the closing of New York on Tuesday at 1.2013. While the franc rose 0.2% was recorded against the dollar.
    • Last week, the franc to quickly penetrate the highest level in seven months of 1.1990, which is the first test for the SNB to maintain its exchange rate so as not to get out of the threshold value at 1.20 per euro, to protect the export sector and tourism industry.
    • Meanwhile, the Swiss Federal Treasury <SWIW> reported it had sold 872 305 million Swiss francs to 1.5% bonds maturing in 2042. It also sold 177 380 million francs to 2% bonds maturing in 2021, with 0705% yield.

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    Re: Switzerland Fundamental

    The Swiss franc rises only marginally into positive territory - remaining virtually flat seen against the euro and the CAD. Most of the gains made against the USD, GBP and JPY offset by losses against the rest of the major currencies.

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    Re: Switzerland Fundamental

    The largest sells go for the Swiss franc today. The CHF loses substantially against the USD and the JPY, against these currencies it loses 0.78% and 0.69% respectively.

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    Re: Switzerland Fundamental

    CHF still continues to play its refuge role due to the current events hitting the Spanish market. Today, EUR/CHF hit a 2-month low and USD/CHF a 1-month high (0.92517).

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    Re: Switzerland Fundamental

    CHF support at 1.20 still holding, as SNB is looking for measures to improve the weak growth and significant deflation. SNB confirmed today, that Thomas Jordan will stay on as full-time chairman of the central bank.

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    Re: Switzerland Fundamental

    Swissie Weakens
    Because The jordan Titles SNB Leader
    The actual Switzerland franc dropped since the federal government called
    meanwhile chairman Jones The nike jordan the actual full-time mind associated with
    the actual Switzerland Nationwide Financial institution, closing issue a brand new innovator
    might relieve the actual plan associated with restricting the actual currency’s
    power. The actual franc rejected probably the most inside a 7 days
    from the dinar following The nike jordan had been officially hired
    leader in a federal government conference these days within Bern. The actual
    SNB enforced the limit of just one. 20 francs for each dinar within
    Sept to safeguard exporters because traders searched for the actual
    foreign currency like a destination through Europe’s financial debt turmoil.
    “Jordan’s ascension may be the recognized elimination associated with
    any kind of doubt concerning plan continuity, ” stated Chris
    Rosenstreich, main foreign-exchange strategist from
    Swissquote Financial institution SA within Geneva. “However, this doesn’t
    get rid of the primary concern, that is traders worth the actual
    recognized security from the franc within the dinar. Need
    for that franc ought to still produce

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