while the CHF is historically viewed as flight currency the YEN
only developed in recent times due to
the weakness of EUR and USD, limited volume of CHF available,
China vs. US economic war,
also, the US mainly invests in the YEN as CHF has history as a
gold backed currency (they dropped the recent gold backing in
1999/2000 vs. other counties in 1971)
the Japanese already intervened last night, the Swiss will
probably follow suite.
Switzerland already intervened yesterday and Politics and Swiss
National Bank (our FED, independant from politics (as far as
possible
)) are very concerned about the strenght
of the Swiss Franc.
Infact Switzerland is an export oriented nation and gets hurt by
a too strong Franc
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Flight Currency
Swiss Franc
Posted by tgronbach on 4th of Aug 2011 at 08:45 am
have similar problems
while the CHF is historically viewed as flight currency the YEN only developed in recent times due to
the weakness of EUR and USD, limited volume of CHF available, China vs. US economic war,
also, the US mainly invests in the YEN as CHF has history as a gold backed currency (they dropped the recent gold backing in 1999/2000 vs. other counties in 1971)
the Japanese already intervened last night, the Swiss will probably follow suite.
The Swiss Central Bank has lost over $20B CHF intervening already...
Posted by lessarda on 4th of Aug 2011 at 10:55 am
and they preceded the Japanese by a day in new attempts by lowering interest rates to 0%. That Swiss trade may go down as one of the all-time worst.
Switzerland already intervened yesterday and
Posted by zwyss on 4th of Aug 2011 at 09:43 am
Switzerland already intervened yesterday and Politics and Swiss National Bank (our FED, independant from politics (as far as possible
)) are very concerned about the strenght
of the Swiss Franc.
Infact Switzerland is an export oriented nation and gets hurt by a too strong Franc