November 19, 2009
The Swiss franc remained headstrong yesterday even as other major currencies fell against the dollar. The USD/CHF, from a high of 1.0170 during the Asian trading session, dropped all the way towards the 1.0100 region as the trading day moved forward.
Economic data from Switzerland was non-existent yesterday but expect to see the country’s trade balance today at 7:15 am GMT. The country’s surplus is predicted to have risen to 2.15 billion CHF in October from 1.91 billion CHF in September. The trade balance measures the net difference in value between imported and exported goods. A surplus value indicates that more goods were exported than exported.
"The only cable I watch is the pound baby."