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USD/CHF from 0 Pips

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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

USD/CHF Rebounds Following Test of Key Support Economic Calendar

Strength in the dollar is benefiting USD/CHF in today's session, as the pair is currently trading at 1.0120, up 0.39% from Friday's close. Today's bounce is taking place following last Thursday's and Friday's tests of support defined by the low ... More »

USDCHF Forex Signal January 17 2016 DailyForex.com

This pair has been in a decline even before the bullish trend in the USD suffered a serious setback and deep pullback. However, the past few days have suggested that the price may be bottoming at the support level of 1.0050 and this would make sense ... More »

USD/CHF - US Dollar Swiss Franc Investing.com

I scalped a couple pips going long at market opening .. wonder what's happening..thanks for the reply. Reply. fx astaroth Jan 11, 2017 8:05PM GMT. Share. Save. Saved. See Saved Items. This comment has already been saved in your Saved Items. Report. More »

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