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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

USDCHF Forex Signal January 18 2017 DailyForex.com

The price is in a long-term pivotal area now, and presents an opportunity. USDCHF. There is nothing due today regarding the CHF. Concerning the USD, there will be a release of CPI data at 1:30pm London time followed by a minor speech from the Chair of ... More »

USD/CHF Daily Outlook - Action Forex Action Forex

USD/CHF Daily Outlook Intraday bias in USD/CHF remains on the downside for the moment. Rise from 0.9443 could have completed at 1.0342 already, after ...and more » More »

GBPUSD, USDCHF and EURGBP TA – January 18 2017 | Forex ... Forex Crunch

GBPUSD (1.2341): The British pound posted strong gains yesterday, rising from a few pips above $1.2000 to close the day at $1.2400. The gains came as the ...and more » More »

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