Switzerland v France, 20 June 2014
France breaks the drought
France and Switzerland – two friendly nations that may in fact, have proven to be too neighbourly and friendly with each other when it comes to football. In their last three meets, all games were drawn and their single only World Cup match up in Germany, 2006 saw them tie nil-all. The very few win matches saw France take it out with minimal goal leads. With a seasoned professional team full of strong key players under the managerial styles of Didier Deschamps, odds were on France to win 4/51. And indeed they did. Friday night’s game finally saw France break away with a clear win beating the Alpine nation 2 -5.
The Match-Up Stats
The EUR/CHF History
Switzerland may be part of the European Union and the associated treaties, however they have yet to adopt the Euro. The Swiss Franc is considered quite the safe-haven currency and a study by the by Swiss bank UBS AG has shown that they were better off without. Nations including Switzerland, Norway and Sweden have proven to be more economically sound than Euro currency based nations. This proved especially true for the Swiss Franc during the Greek Sovereign Debt Euro Crisis.
Prior to 2011, the strength of the Swiss Franc (CHF) proved far too great against the Euro peaking during the Crisis. The demand for the safe-haven Franc were so great, it caused a “massive overvaluation”. Since September, 2011, The Swiss National Bank made the move to peg the Franc to the Euro. Still as current, the franc continues to trade below the target level set by the SNB2.
Unfortunately for the Swiss, the flat-lining movement in the currency pair will not be paralleling the two nations’ football history. Even the general sentiment today for the EUR/CHF seems very heavily sided with Euro.
We hope you enjoyed that quick look at the pairing match up. Until next time, browse through our other World Cup currency pair match ups and happy trading!
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