CHF foreign exchange highs and lows - Page 28

temiatwork · #**541** 21.04.2011, 12:59

... here is oanda's chart.

rich68 · #**542** 03.05.2011, 17:52

Sterling is getting hammered by the Swiss Franc today! Currently 1.42333. That must be a record.

DRJC · #**543** 04.05.2011, 15:17

A low indeed.

Sterling took a hammering yesterday against the Euro aswell.

The_Love_Doctor · #**544** 04.05.2011, 15:54

	Quote:	DRJC
	A low indeed. Sterling took a hammering yesterday against the Euro aswell.

wait till the BOE slaps everyone around the face and raises the interest rates tomorrow

marton · #**545** 04.05.2011, 16:57

	Quote:	The_Love_Doctor
	wait till the BOE slaps everyone around the face and raises the interest rates tomorrow

Not forecast - the Governor was spouting on this week about the economic risks of higher interest rates.
But who know what central bankers will get up to?

The_Love_Doctor · #**546** 04.05.2011, 17:16

	Quote:	marton
	Not forecast - the Governor was spouting on this week about the economic risks of higher interest rates. But who know what central bankers will get up to?

yeh they're probably not gonna do anything the useless buggers! read somewhere that nothing is expected now till November but who knows! a surprise hike should support the pound a little bit and make house prices a little bit more affordable

(the boy can dream...)

AlreadyPacked · #**547** 04.05.2011, 19:30

	Quote:	The_Love_Doctor
	yeh they're probably not gonna do anything the useless buggers! read somewhere that nothing is expected now till November but who knows! a surprise hike should support the pound a little bit and make house prices a little bit more affordable (the boy can dream...)

Sterling is taking a hammering as the BOE has been printing so much money.

marton · #**548** 05.05.2011, 18:45

	Quote:	AlreadyPacked
	Sterling is taking a hammering as the BOE has been printing so much money.

& the BOE did not raise interest rates today - the ECB also not which was not certain....

ECB continue to tread this narrow dangerous path between inflation & killing off the economies of the weaker countries.

SNB treading path between inflation or damaging exports & at the same time increasing currency losses which could eventually lead to Swiss tax rises as they lose the annual SNB surplus sharing....

marton · #**549** 08.05.2011, 23:03

euro dived down to around 1.24 CHF some hours ago but now back to 1.26.

Wonder who/where is trading at this time?

Interesting to see what the market on Monday makes of the Greece discussions on re-structuring their debts. I meean the effect on euro/chf rates

If Greece restructures then Ireland will be on the same track.

Phil_MCR · #**550** 08.05.2011, 23:15

	Quote:	marton
	euro dived down to around 1.24 CHF some hours ago but now back to 1.26. Wonder who/where is trading at this time? Interesting to see what the market on Monday makes of the Greece discussions on re-structuring their debts. I meean the effect on euro/chf rates If Greece restructures then Ireland will be on the same track.

for me, it has been clear for years that greece will either outright default or (more likely) re-structure, which i guess is really just a euphemism for default anyway. the only question is of timing.

i think the euro will get a kicking when the default comes. but will this be the low for the euro, or will that come with the irish (spanish?) crisis/default?

marton · #**551** 09.05.2011, 14:32

	Quote:	Phil_MCR
	for me, it has been clear for years that greece will either outright default or (more likely) re-structure, which i guess is really just a euphemism for default anyway. the only question is of timing. i think the euro will get a kicking when the default comes. but will this be the low for the euro, or will that come with the irish (spanish?) crisis/default?

euro looks quite stable today, surprising for me.

Myself I foresee a gradual slide down of the euro versus CHF until all the shaky countries have fixed their economies or a bigger fall if one of the shaky countries really crashes. But one never really knows what risks people have taken account of in current euro exchange rates which could account for today's stability.

Then a slow recovery after the shaky countries have fixed their economies.

Other people have a simpler view which is "why should the euro be worth more than the US$"'

#**552** 09.05.2011, 15:49

	Quote:	marton
	euro looks quite stable today, surprising for me.

I wonder...

Last October China showed interest in buying Greek bonds:

China offered to buy Greek government bonds

	Quote:
	China offered on Saturday to buy Greek government bonds when Athens resumes issuing, in a show of support for the country whose debt burden pushed the euro zone into crisis and required an international bailout ... In addition to seeing economic opportunities in Greece, China may calculate its support of a struggling European country will help deflect international criticism of its trade policies and its refusal to let its yuan currency appreciate sharply.

and Air China to inaugurate Beijing-Athens route on May 11

	Quote:
	A new and highly anticipated air route linking China with Greece (via Munich) will be inaugurated on May 11 by Air China, according to reports here on Wednesday. The new route is expected to boost tourist arrivals from the Far East country to Greece, as more and more Chinese nationals are expressing interest in travelling to the east Mediterranean country, according to the Chinese government's informational website. The new route will be serviced by Airbus A330 planes, with two flights scheduled every week -- Wednesday and Saturday. The flights will take off at 12:40 a.m. (local time) from Beijing and arrive in Athens at 10 a.m. local time the next day. The flight is estimated to last 13 hours and 25 minutes.

22 yards · #**553** 09.05.2011, 16:51

	Quote:
	The flights will take off at 12:40 a.m. (local time) from Beijing and arrive in Athens at 10 a.m. local time the next day. The flight is estimated to last 13 hours and 25 minutes.

That's a heck of a long flight ... I make it 38 hours and 20 minutes. I'd pay NOT to take that flight. Maybe that's why the Greeks want to restructure their debt -- they're spending too much on not flying.

marton · #**554** 09.05.2011, 21:57

	Quote:	JVC
	I wonder... Last October China showed interest in buying Greek bonds: China offered to buy Greek government bonds and Air China to inaugurate Beijing-Athens route on May 11

euro now 1.25 to chf - more like what I expected