ECB’s half point cut too little too late
The Swiss National Bank matched the move at any pass meeting this week, cutting rates to 2pc. It warned that the Swiss economy may contract nearest year because the dramatic rise in franc plays slaughter with exports. Denmark and the Czech Republ
Swiss franc ended the week down 1.8% against the US dollar
The Swiss franc ended the week down 1.8% against the US dollar on signs of a modest recovery in risk taking activity and unwinding of safe haven trades including long francs against euros (had an indirect negative impact on franc versus the US$).
Swiss economy could fall into recession
The Swiss economy could enter a recession but the government is still confident jobless rates will not rocket, the country's economyminister said in an interview published on Sunday.
USD/CHF Volatility Breakout on the Horizon
Pressure building up in the USD/CHF horizontal channel between the near support of 1.1710 and the multiple top resistance level of 1.1804.Recent upmove is also contained within the larger upward sloping channel displayed in the chart.
Swiss franc ended the week up 0.8% against the US dollar
The Swiss franc ended the week up 0.8% against the US dollar after last week's 2.6% decline as markets warmed to risk taking.
Swiss Franc Slides Versus Majors
The Swiss franc posted weak performances against its major counterparts on Monday in New York, including week and a half lows versus the sterling and greenback.
Swiss Economic Expectations Improve Slightly in November
Thursday, a survey carried out by the Centre for European Economic Research or ZEW in cooperation with Credit Suisse showed that Swiss economic prospects improved slightly in November.
European markets fall, led by financials, commodities
The European markets fell for the second day on Wednesday, as growing concerns about the economic crisis hit financial stocks and falling crude oil and copper prices drove commodity stocks lower.


