Type : Currency | Group: Majors | Base: US Dollar | Quote : swiss franc
The U.S. dollar Swiss franc (USD CHF) is a currency pairing whereby the U.S. dollar and the Swiss franc can be traded against each other. The USD CHF can be thought of as the dollar versus the Swiss franc – you short the dollar and go long the franc or you go long the dollar and short the franc. The USD CHF is numbered among the top ten traded currency pairs. The USD CHF may also be written as USD/CHF.
The Swiss franc is the only franc left in Europe after the rest joined the euro. The USD CHF is an interesting play in that the franc is often seen as a safe haven currency issued by one of the most stable countries in the world. In times of uncertainty, the franc usually stays stable or appreciates against its European counterparts. Depending on the nature and location of the event that sets off global uncertainty, the USD CHF can offer a bet on which safe haven currency people will turn to in greater numbers.
Switzerland is also a major banking destination for foreign capital.
USDCHF has erased a large part on the January – March rally, with the price extending its downtrend to a...Read more