Swiss Franc Commentary for 12-Mar-10

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Swiss Franc Commentary provided by GCI Financial Ltd:
Tables & Charts

The Swiss franc appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.0690 level and was capped around the CHF 1.0725 level. As expected, Swiss National Bank kept its three-month Swiss franc Libor target rate unchanged at 0.2% today. SNB reported ‘The Swiss National Bank is maintaining its expansionary monetary policy. It will act decisively to prevent an excessive appreciation of the Swiss franc against the euro.” SNB is forecasting...continued 

Swiss Franc Focus
 
Day's Change 52-Week High 52-Week Low

Instrument

Current

 Points % Date Value Date Value
Exchange Rates

12-Mar-10
AUD/CHF This marker indicates the current chart. 0.9719 -0.0062 -0.64% 9-Mar-10 0.9843 18-Mar-09 0.7704
CAD/CHF This marker indicates the current chart. 1.0351 -0.0085 -0.82% 9-Mar-10 1.0472 31-Mar-09 0.9018
CHF/JPY This marker indicates the current chart. 85.2457 0.4151 0.49% 11-Jun-09 91.2775 12-Mar-09 82.1119
EUR/CHF Fwd-1 Yr This marker indicates the current chart. 87.0000 0.0000 0.00% 8-Jun-09 175.0000 9-Mar-10 77.0000
GBP/CHF This marker indicates the current chart. 1.6033 -0.0056 -0.35% 7-Aug-09 1.8035 10-Mar-10 1.6018
USD/CHF This marker indicates the current chart. 1.0577 -0.0106 -1.00% 12-Mar-09 1.1882 25-Nov-09 0.9943
USD/CHF Fwd-1 Yr This marker indicates the current chart. -50.0000 0.0000 0.00% 25-Nov-09 -36.3000 12-Mar-09 -164.0000
EUR/CHF This marker indicates the current chart. 1.4587 -0.0031 -0.21% 16-Mar-09 1.5388 12-Mar-10 1.4587
 
Indices

12-Mar-10
NASDAQ This marker indicates the current chart. 2,368.46 9.51 0.40% 11-Mar-10 2,368.46 16-Mar-09 1,404.02
S&P 500 This marker indicates the current chart. 1,150.24 4.63 0.40% 11-Mar-10 1,150.24 12-Mar-09 750.74
 

source: DTN Market Access

part 1...the Swiss economy will expand about 1.5% this year. U.S. dollar offers are cited around the CHF 1.1045 level. The euro moved higher vis-à-vis the Swiss franc as the single currency tested offers around the CHF 1.4630 level while the British pound moved higher and tested offers around the CHF 1.6120 level.

SUPPORT   RESISTANCE

 
L1.       1.0540 1.0830
L2.       1.0350 1.1045
L3.       1.0040 1.1315

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