Posts Tagged ‘Swiss Franc’

Euro supported and still vulnerable against dollar

Posted by Tushar Mathur on April 3rd, 2012

On the close of Friday, euro seemed to be high against dollar this incident happened just after when 17 nations included the euro to their bailout fund for their respective country which troubled them lot in the debt. The emergency fund was raised to 1.1 trillion dollar which was raised by euro group.

New conservation government unveiled 36 billion dollar plan which included the expenditure that is planned to be spent and rise of the big multinational companies, Spain informed. The austerity measures that is been taken will prevent it from having the bailout fund, country said.

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Swiss franc hovers low against dollar

Posted by Tushar Mathur on November 14th, 2011

On Friday forex trade the Swiss franc lowered against dollar. However it has previously moved inch by inch down and finally reached this stage. It had hovered about one month low against the greenback dollar. Nevertheless the intensive worry is that the Europe future is more attracted towards the dollar and it tends to make this dollar more attractive in the market.

To limit on the Swiss franc’s appreciation the SNB (Swiss National Bank) set a cap for the Swiss franc against the euro on the month of September. However the hovering movement and ups and downs of the franc and dollar was closely noticed and they were highly compared with that of the euro vs dollar.

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Euro: Gains are volatile and increasingly vulnerable

Posted by Tushar Mathur on October 22nd, 2011

Euro on Friday seems to poses some gains and however they clung towards that gain and that seems to be volatile with overnight trade. They also seem to be increasingly vulnerable and the European leaders remained about the weekend submission about the regions debt crisis which would be their major part.

After its low on the early of the October month, which is their nine month low it seems to regain from that and last at $1.3786. There seems to have a better yields and safer zones for traders and other European countries because of German bonds.

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US economy growing leading dollar to rise

Posted by Tushar Mathur on October 9th, 2011

Although there seems to be a slower growth in the US economy, the growth stills happens to be persist. The report produced by the US government says that the dollar has risen against euro. The economic growth of the euro has been trembled not just by the dollar rise but also by some troubling signals from Europe.

The rise of euro was on late Tuesday to about $1.3246 however it fell from $1.3369 (Wednesday morning) to $1.3351 (late Wednesday). Survey on the service sector tells that the companies have expanded their business in the month of September when compared with august. In august the growth was at slower pace.

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Rupee down for one year low and by 37 paise

Posted by Tushar Mathur on September 11th, 2011

On Friday forex trade rupee was reported to be 37 paise and has hit a one year low and reached about 46.56 against dollar. The fall in rupee is mainly due to the steep fall in the local stock markets and strengthening of dollar values overseas. The weight or burden of the dollar strength has however reflected on the rupee to be down for a while.

Importers have nevertheless demanding long for dollar and thus flow of the capital is slow down and thus the rupee is been neck stuck and lowered for 37 paise.

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Broadly stable against euro and dollar: Swiss franc

Posted by Tushar Mathur on August 29th, 2011

On Friday investors of Swiss franc were much awaiting on the key note that was given by US Federal Reserve and the chairman was Mr. Ben Bernanke on the third round of quantitative easing. However the stability of the Swiss franc against euro and dollar was declared on Thursday themselves.

At New York close the Swiss franc value against euro was 0.1% lower than the normal. The Swiss franc was traded for about 1.1482 per euro on Thursday at 06:52 in the Greenwich Mean Time (GMT). Tight ranges at the local demand at the market have however reflected in trading forex market range, traders said.

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Swiss franc is flirted with record high against euro

Posted by Tushar Mathur on June 21st, 2011

Since Thursday Swiss franc is low against euro. On the forex trade on Thursday the Swiss franc fell against euro and the reports concluded that this state will prevail and the debt crisis for the Greece will be soon resolved. Swiss franc had its all time record of being at 1.1946 however at the Thursday trade close at regarding the New York forex trade, the Swiss franc was at 1.2033 per euro.

Investors has dragged the Swiss to the safe zone of investing over the risk area values but on Thursday the Swiss national bank (SNB) announced about the strength that it is being going through however investors ignored them from accepting, this reason has caused the Swiss franc to be low against euro and dollar.

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1% weak against dollar: South Africa’s rand

Posted by Tushar Mathur on May 25th, 2011

South Africa’s rand on the trade in the Monday morning is weak against the dollar for 1%. This weakening is mainly due to the fall in the government bonds and larger response provided for the euro where dollar were not appreciated and this is persistence from last week where the South Africa’s rand is very low comparing with the last four month bond value.

At the close of trade at Friday, the rand was at 6.9060 however the rand at today’s trade was at 6.9729 where it is fallen 0.0241 points (i.e.) from 6.9970.

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Swiss franc came off rising the dollar value on laden’s death

Posted by Tushar Mathur on May 5th, 2011

On the close of Friday trade dollar was down than the Swiss franc value but on the announcement of bin laden death on Monday, in the opening trade of Tuesday trade the dollar gained value and has climbed higher than the Swiss franc value. The Swiss franc has come off from its all time peak high values against dollar.

The dollar gained these grade ups as the US had a secret operation which killed the al Qaeda leader, laden. This news have ensured the investor that they may experience the higher value index in future whereas the crude oil and Swiss franc may seems to be decreased or lowered.

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Rupee strengthened to three week high against dollar

Posted by Tushar Mathur on May 2nd, 2011

On the Friday trade it was reported that the Indian currency (rupee) climbed up for a three week high which was possible due to the weakness of dollar overseas and also due to borrowing corporate overseas. However, in the view of traders this rise in the value is limited and payment related issues would be solved anyways.

The local unit range at Thursday’s trade was at 44.43 to 44.44 however, rupee was at 44.21 to 44.22 per dollar on Friday’s trade. Its strengthened amount increase was not seen since the month of April on 2011.

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Swiss National Bank interest rate decision moved Swiss franc higher

Posted by Tushar Mathur on March 20th, 2011

The value of Swiss franc has reached high due to the rate interest decision made by Swiss National bank. Due to the crisis that took place in Japan, both investors and traders were must worried about the trade market. And so considering this factor the rate interest decision was made by the SNB.

National bank announced that they will be discussing about its rate interest and growth inflation rate at countries. They strongly said that it would be helpful for the growth of the country and its economy. According to the view of 37 economists they feel that the SNB should retain their LIBOR unchanged for the same percent (0.25%) as the inflation is too low.

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Drop against euro and dollar: Swiss franc

Posted by Tushar Mathur on March 8th, 2011

On the Tuesday trade, they estimated that the Swiss franc has been dropped against the value of both euro and dollar. Muammar Gaddafi, Libyan leader reported that the investors and traders have now got a no belief idea at the values and so they are trying to be away from investing in Swiss.

Brent crude prices have been slipped on the Monday trade from $115 and so European was at the stage facing the loss. However, on Tuesday they regained from their losses, leader added to his report. As the point of economist the factors that decide the forex markets are many and the major role is given for politics.

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Euro claims higher against dollar

Posted by Tushar Mathur on March 1st, 2011

In the trade market the common factor that is being discussed is about the issues of dollar value weakened in overseas. Euro claimed higher than the dollar value. The price rise is mainly due to the anti inflation signal provided to the European countries and by the central bankers.

 

The trade on the Monday had notified the increase in the value of euro. The value of euro on Friday trade was at $1.3749 and it reached $1.38 and then climbed little higher to $1.3803 on the trade value today (Monday).

 

Dollar has tried to reach little high against yen when compared with the Friday trade market range.

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Forex might help you reduce your debts by increasing cash flow

Posted by Tushar Mathur on September 7th, 2010

Forex or Foreign Exchange Market is an international exchange market where currencies are bought and sold. The idea of Forex trading is very simple. In the Forex market you exchange one currency for another, when the price of this currency is low. You then exchange it back, when the price rises and in this way make money. With the inflow of excess cash you can expect debt reduction.

The buying and selling is done in pairs. Usually for investment purposes, four main currency pairs are used. They are as follows – the Euro against the US dollar, the British pound against the US dollar, the US dollar against the Japanese yen, and the US dollar against the Swiss franc.

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Understanding Different Currencies

Posted by Tushar Mathur on February 21st, 2010

Currency exchange is an important aspect of international business. Economic development, trade, tourism, finance and many other important aspects of the world economy are dependant on this.

The main global currency is the U.S. dollar (USD). This means that it is the currency held by governments and organizations around the world to fund international trade and financial transactions. Many global commodities, such as oil and gold are valued by the U.S. dollar.

Currencies can be distinguished as either floating currencies or fixed currencies based on their exchange rate regime. Currency of the European Union, the Euro is rapidly becoming a dominant global currency.

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