Swissie

Swissie

A slang term for the Swiss franc, often used in foreign exchange.
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Ayrshire, junior cow in milk having had two calves: 1 Marleycote Queen VG86 (Burdette), G G Baynes & Son; 2 Fineview Sparky Swissie (Sparky), Allan C Clark; 3 Crofthead Delight (Kana), W P Callendar; 4 Brownfield Kodak Pan (Kodak), R C Gemmell.
Ben Haslam's filly was a fair third to Swissie over five furlongs here in last month's handicap bow and looks open to plenty of improvement over six.
In Singapore, I am long-time fan of both Cambridge and Mapletree Logistics, the ultimate hard asset in the hardmoney Asian Swissie! Industrial real estate is also a hedge against inflation, offers positive leverage as well as uncorrelated returns with equities.
Even the Singapore dollar, once viewed as the hard money Southeast Asian Swissie, has fallen to 1.43 against the US dollar as global trade and local property prices slump.
But the main policy tool the SNB has to do this is printing mountains of Swissie, as traders lovingly refer to the Swiss franc, and buying up euro in the open foreign exchange markets.
USD/CHF: This pair is popular and used to be the 'ultimate safe haven trade' as the Swissie was bought during periods of riskaversion in financial markets.
The US dollar remains my favourite G3 currency against the euro, yen, sterling, loonie, Aussie and Swissie.
Credit Suisse shares could trade at 30 Swissie in Zurich.
The Swissie found support from the speculations over interest rate hike by the Swiss National Bank (SNB) in the coming months, after the central bank revised the growth forecast upwardly for the year earlier this month.
If the MAS does a policy U-turn, the Singapore dollar is toast and I can easily envisage the Southeast Asian Swissie at 1.45 to the greenback.