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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:

easyMarkets

Standard 1 pip Account
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easyMarkets

VIP Account
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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

USD/CHF Mid-Day Outlook Action Forex

Intraday bias in USD/CHF remains neutral as consolidation form 0.9897 is still in progress. At this point, with 0.9999 minor resistance intact, deeper fall is still in favor. Below 0.9897 temporary low will turn bias to the downside for 0.9812 and ... More »

FxWirePro USD-CHF struggles to close above 200- day MA good to sell on rallies EconoTimes

USD/CHF has once again retreated after showing a minor above 200- day MA. It is currently trading around 0.99109 0.33% lower. The near term resistance is around 1.000 and any break above target 1.0013 (55- day EMA). Any break above 1.0024 will take ... More »

USD/CHF Elliott Wave Analysis - Action Forex Action Forex

Although the greenback has remained under pressure and initial downside risk remains for the retreat from 1.0108 to extend marginal weakness, if our view that ...and more » More »

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