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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:

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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

USD/CHF's rebound from 0.9812 extends higher today. The break of 0.9959 resistance indicates short term bottoming at 0.9812 on bullish convergence condition in 4 hour MACD. Intraday bias is turned back to the upside for 55 day EMA (now at 1.0025).and more » More »

USD/CHF faces strong resistance at 0.9960, break above confirms minor bullishness EconoTimes

The pair recovered sharply after making a low of 0.98136 on 27th Mar 2017. USD/CHF broken the 200 –day MA at 0.9922 and closed slightly above that level yesterday. It should break above 0.9960 for minor bullishness. Any violation above 0.9960 will take ...and more » More »

USD/CHF edges higher aggressively March 29, 2017 FX Daily Report

The USD/CHF has edged higher and has ignored some resistance levels, right now is challenging an important dynamic resistance that could pause the bullish ...and more » More »

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