Swiss Franc Commentary for 4-Jul-09

Swiss Franc Commentary
Tables & Charts

The Swiss franc came off vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.0900 figure and was supported around the CHF 1.0830 level. Data released in Switzerland today saw the June consumer price index rise 0.2% m/m and decline 1.0% y/y. Many traders suspect the Swiss National Bank has been intervening in the market by selling francs to weaken the domestic currency. SNB Directorate member Jordan yesterday indicated “we continue to consider interventions to prevent an excessive rise in the Swiss franc.” SNB Vice President Hildebrand said the Swiss economic recovery may lag the global recovery because Switzerland was impacted later than many countries. Hildebrand suggested the global economy is no longer in a “free-fall.” U.S. dollar offers are cited around the CHF 1.1165 level. The euro moved higher vis-à-vis the Swiss franc as the single currency tested offers around the CHF 1.5250 level while the British pound came off vis-à-vis the Swiss franc and tested bids around the CHF 1.7725 level.

SUPPORT   RESISTANCE

 
L1.       1.0510 1.0980
L2.       1.0275 1.1270
L3.       0.9750 1.1555
Swiss Franc Focus
 
Day's Change 52-Week High 52-Week Low

Instrument

Current

 Points % Date Value Date Value
Exchange Rates

3-Jul-09
AUD/CHF This marker indicates the current chart. 0.8684 0.0034 0.39% 22-Jul-08 0.9993 27-Oct-08 0.7026
CAD/CHF This marker indicates the current chart. 0.9390 0.0029 0.31% 12-Sep-08 1.0650 29-Dec-08 0.8666
CHF/JPY This marker indicates the current chart. 88.1364 -0.2983 -0.34% 21-Jul-08 104.6317 11-Dec-08 75.4277
EUR/CHF Fwd-1 Yr This marker indicates the current chart. 121.0000 0.0000 0.00% 11-Mar-09 176.0000 18-Sep-08 -381.5000
GBP/CHF This marker indicates the current chart. 1.7775 -0.0004 -0.02% 31-Jul-08 2.0782 29-Dec-08 1.5254
USD/CHF This marker indicates the current chart. 1.0879 0.0022 0.20% 20-Nov-08 1.2274 15-Jul-08 1.0102
USD/CHF Fwd-1 Yr This marker indicates the current chart. -85.3000 0.0000 0.00% 15-Sep-08 -31.5000 28-Nov-08 -215.0000
EUR/CHF This marker indicates the current chart. 1.5219 0.0037 0.24% 1-Aug-08 1.6337 27-Oct-08 1.4412
 
Indices

3-Jul-09
NASDAQ This marker indicates the current chart. 1,796.52 -49.20 -2.74% 14-Aug-08 2,453.67 9-Mar-09 1,268.64
S&P 500 This marker indicates the current chart. 896.42 -26.91 -3.00% 11-Aug-08 1,305.32 9-Mar-09 676.53
 

source: DTN Market Access

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