Swiss Franc Falls Against Euro after Weaker Trade Balance Data

The Swiss economy posted trade surplus below market expectations in April. According to government data, April's exports were CHF1.52 billion higher than imports, up from CHF1.09 billion in March but below CHF2 billion expected by most analysts. The Swiss franc is seen as a safe-haven for investors; its value generally rises in times of uncertainty. The Swiss currency has been riding high following the global crisis and the strength of the franc seems to be taking its toll on this export oriented economy. The Swiss exporters will be pleased to know the franc lost some value against the euro. At the moment, the euro stands at 1.2343 against the franc, or 0.4% above yesterday's close. The value of franc was higher against the U.S. dollar, however, as the greenback stands at $0.8718, or 0.09% lower than yesterday. Traders who believe the strong franc will continue to take its toll on the Swiss economy, ultimately forcing the value of franc downwards, will be interested in the Short Swiss Franc Long US Dollar ETC ETF (SCHF). Those traders who believe the global uncertainties will keep pushing the franc higher will be interested in the CurrencyShares Swiss Franc Trust ETF FXF and the Long Swiss Franc Short US Dollar ETC (Sterling) ETF (CHFP).