ETF Trends
ETF Trends

CurrencyShares Swiss Franc Trust (NYSEArca: FXF) rallied nearly 1% on Tuesday as the greenback dropped to a record low against the Swiss currency while markets remained glued to austerity votes this week in Greece.

The Swiss franc ETF rose to an all-time high of nearly $120 a share on Tuesday.

The currency fund, which tracks the movement of the franc against the dollar, is up more than 10% over the past three months. [Why the Franc is on Fire]

The Swiss franc is seen as a safe-haven currency and has been rising amid the uncertainty of the Eurozone debt crisis. [ETF Spotlight]

Elsewhere in currency markets, the euro strengthened versus the dollar Tuesday. CurrencyShares Euro Trust (NYSEArca: FXE) added 0.6% in recent action.

CurrencyShares Swiss Franc Trust

Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.

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