Swiss Franc History: The long-term view and the comparison with gold
We establish a long-term view and history of the Swiss franc. We compare the franc with gold.
View ArticleSwiss Franc History, 1970s: Due to US Stagflation CHF Strengthens Massively
We shows the massive appreciation of Swiss franc and German mark in the 1970s, the reasons were: stagflation and the wage-price spiral.
View ArticleVolckers Attack on Stagflation
In this chapter we describe how Volcker managed to defeat stagflation; he applied the monetarist models that had been applied successfully in Switzerland and Germany. Thanks to this effort, the dollar...
View ArticleSwiss Franc History: Volcker Shock, Oil Glut and the Breakdown of Gold and...
After the Volcker moment or sometimes called "Volcker shock", commodity prices plunged, the gold price collapsed. Thanks to additional supply, e.g. from Northsea oil, a so-called oil glut appeared....
View ArticleSwiss Franc History 1986-1996: Swiss real estate Boom and Bust
A critical Swiss franc history: This chapter describes the most controversial episode in the Swiss monetary history: How the Swiss National Bank helped to wreck the Swiss real estate market in the 1990s.
View ArticleSwiss Franc History: Weak German and Swiss growth between 1996 and 2004
A critical Swiss Franc History: Between 1996 and 2004 Switzerland and its main trading partner and FX proxy Germany saw slower growth compared to other European countries. We explain the reasons
View ArticleSwiss Franc History, from 2004 to 2009: The undervalued franc
A Critical History of the Swiss Franc: During the "global carry trade" period between 2004 and 2007, the euro strongly appreciated against the Swiss franc. Most astonishingly this happened, despite the...
View ArticleSwiss Franc History, 2000-2007: The sale of the Swiss gold reserves
A critical Swiss Franc History: Between 2000 and 2007, the SNB made the Swiss cantons happy and delivered some billions of francs to prop up their finances. The gains were unfortunately not caused by...
View ArticleHistory of SNB Interventions
High inflows of around 400 billion francs between 2009 and 2012 in the Swiss balance of payments could only be countered with an increase in reserve assets and interventions by the Swiss National Bank....
View ArticleSwiss Franc History: The Gold Standard and Bretton Woods
In this post we will show the history of the Swiss Franc until 1971, a monetary era driven by the gold standard and the Bretton Woods period, both periods with nearly fixed exchange rates.
View ArticleEUR/CHF, a Year of Free Market (07/2010-07/2011): September 2010
Cable Showing Signs Of Tiredness Cable rallied above 1.5900 in the early European rush to sell EUR/GBP but the sharp fall since doesn’t bode well for the short term bulls. I personally have exited most...
View ArticleEUR/CHF: One Year of Free Market (07/2010-07/2011): October 2010
EUR/CHF Up On Day; Talk Of 1.3700 Option Interest EUR/CHF up at 1.3680 from early 1.3635. Talk of 1.3700 option interest. Guess we should expect some defensive selling to kick in then. By Gerry...
View ArticleEUR/CHF: One Year of Free Market (07/2010-07/2011): November 2010
EUR/CHF Continues Lower Presently down at 1.3055 from early 1.3090, having been as low as 1.3037 so far. Earlier I was reading comments made by UBS economist Huenerwadel, who said “At least from a...
View ArticleSwiss Franc Surges to Record High (December 2010)
Dec. 29th 2010 Extracts from the history of the Swiss franc (December 2010) In the last two weeks, the Swiss Franc rose to record highs against not one, not two, but three major currencies: the US...
View ArticleEUR/CHF: One Year of Free Market (07/2010-07/2011): December 2010
Hildebrand Unable To Unload ‘Burden’ Of Record Franc As GDP Seen Slowing Bloomberg article. EUR/CHF down at 1.2595 from early 1.2635. Just reading UBS forex strategists say they are bearish the cross,...
View ArticleEUR/CHF: One Year of Free Market (07/2010-07/2011): January 2011
ForexLive Asian Market Open: Risk Aversion To The Fore Fears of an escalation of the troubles in Egypt and a possible spread throughout the region have led to some risk aversion in early interbank...
View ArticleHas the Swiss Franc Reached its Limit? (February 2011)
Feb. 6th 2011 Extracts from the history of the Swiss franc (February 2011) The second half of 2010 witnessed a 20% rise in the Swiss Franc (against the US Dollar), which experienced an upswing more...
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