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USD/CHF from 0 Pips

Compare Forex brokers and trading sites with tight USD/CHF spreads, high leverage and strong execution:

HotForex

Currenex Account
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LCG

ECN Trading - MT4
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Fullerton Markets

ECN Account
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FXCC

ECN Standard
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FXCC

ECN Advanced
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InstaForex

Eurica Account
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FxPro

cTrader
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FXGiants

0 Pips on Majors
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FXOpen

ECN (MT4) Account
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The Swiss franc is one of five Major currencies. However, this isn't because of its trading volumes: USD/CHF accounts for just 4% of global foreign exchange volumes (less then than USD/GBP, USD/AUD or even the USD/CAD currency pairs).

A safe haven currency

Instead, the Swiss franc acts as a safe haven - a currency that investors turn to as a store of value rather than a source of capital appreciation at times of market turmoil. For example, the Swiss franc appreciated by 15% against the Dollar from 1.1964 on July 1st to 1.3779 on August 11th following the downgrade of the United States' credit rating by Standard & Poor's.

As good as gold?

Switzerland's neutrality, stable political system and secretive banking system make Switzerland a popular destination for risk-averse investors. However, the currency's long standing ties to gold also explain its role as a store of value. Formerly, the Swiss National Bank (SNB) was required to redeem banknotes into gold on request. Until 1997, the Swiss constitution required that at least 40% of the currency be backed by gold reserves. Since, a constitutional amendment lowered the threshold to 25% and the bank's gold reserves have fallen. However, the Swiss franc maintains to this day a strong positive correlation with gold. When the price of gold rises, the Swiss franc is likely to appreciate in response.

Latest news

USDCHF recoups all the weekend declines. Tests 100 hour MA again ForexLive

The USDCHF gapped lower and the opening today, and that fall took the price below a lower channel trend line. That idea did not last long as traders started to think in terms of "risk off" - not just follow the EURUSD. The pair quickly rebounded higher. More »

USD/CHF Forex Signal | DailyForex DailyForex.com

Get the USD/CHF Forex Signal for April 24, 2017 here. More »

USD/CHF Sharp Bounce, USD/CAD Consolidating, AUD/USD Failing To Find Demand. Action Forex

USD/CHF keeps on declining despite strong volatility. The short-term technical structure is negative as long as prices remain below the hourly resistance at 1.0171 (07/03/2017). Monitor hourly support is given at 0.9955 (30/03/2017 base low) then 0 ... More »

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