USD/CHF Exchange rate


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Editors’ Picks

EUR/USD eases towards 1.1800 as US dollar bounces ahead of Fed

EUR/USD eases towards 1.1800 heading into Wednesday’s European session. The US dollar attempts a bounce amid a risk-off market mood, as investors remain on the sidelines ahead of the Fed decision. 

EUR/USD News

GBP/USD drifts lower below 1.3900 amid firmer US dollar

GBP/USD drops towards 1.3850 amid resurgent demand for the US dollar and a cautious mood. The pound benefits from fresh Brexit optimism and a fall in covid cases. EU pauses legal action against the UK over the NI protocol. Focus on the Fed verdict. 

GBP/USD News

Gold’s battle with $1800 extends, levels to watch ahead of Fed

Gold price is rising back above $1800, defending the key support area around $1798 amid a cautious market mood heading into the Fed decision. The sell-off in the Chinese stocks seems to have paused, offering some support to the Asian indices.

Gold News

Theta price gains over 100%, confirms a bullish trend change

Theta price printed a new correction low on July 20, undercutting the May 19 low of $3.70 and the 78.6% retracement level of $3.54 before rallying 100% into yesterday’s high. The convergence of key resistance levels prevented an extension of the rally.

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Federal Reserve Preview: Three reasons why Powell could pause, pummeling the dollar

Tapering is not a question of if, but when – and the timing of the Federal Reserve's announcement to create fewer dollars may have to wait longer. The world's most powerful central bank has been buying bonds at ....

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USD/CHF, the “Swissie”

USD/CHF is the abbreviation for the U.S. dollar and Swiss Franc cross. Trading the USD/CHF currency pair is also known as trading the "Swissie". The Swiss franc is the only franc left in Europe after the rest joined the euro. It is often seen as a safe-haven currency (any globally traded currency that serves as a reliable and stable store of value). In times of uncertainty, the franc usually stays stable or appreciates against its European counterparts. The USD/CHF tends to have a negative correlation with the EUR/USD and GBP/USD currency pairs. This is due to the positive correlation of the euro, Swiss franc and the British pound.

The Swiss Franc is considered to be a “safe-haven” currency: it is expected to increase its value against other currencies in times of volatility, particularly in the stock markets. To avoid an abusive appreciation of its currency (and its consequent drop of Swiss exports) during the worst years of the recent financial crisis, the Swiss National Bank established a maximum price for the Swiss Franc at CHF1.20 per EUR. This exchange-rate peg was established in 2011 and removed without previous notice in January 2015, creating a big shock in the markets and an “immediate aftermath of more than 20% decline in EURCHF”, as Kathleen Brooks reported on FXStreet the next day.

The historic maximum quote for the USD/CHF cross was reached on January 4th 1971 at 4.318 and the minimum on August 8th 2011, at 0.7213.


MOST INFLUENTIAL CURRENCIES FOR USD/CHF

The USD/CHF pair can also be impacted by the moves of other currencies, in particular, the Euro and Yen for being a prominent commercial partner and major currencies too.

MOST INFLUENTIAL ORGANIZATIONS FOR USD/CHF

The organizations that most impact the USD/CHF are the Central Banks of Switzerland (SNB, the Swiss National Bank) and of the United States (Fed, Federal Reserve of the United States), the two countries that issue the currencies that make the pair. Central Banks control the nation's monetary policy, through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis.

The central bank of the Eurozone (the ECB, European Central Bank) also has influence on the Swissie due to the importance of business and trade between the UE and Switzerland. Any assessment of possible scenarios linked to a macroeconomic decision taken by the ECB has impact on its commercial partners. The Euro is the second reference currency in the world (after the US Dollar) and any move by its central bank, the ECB, has consequences on the assessment of its partners.

The Bank for International Settlements (BIS) is also an organization to take into account when trading the Swiss Franc. It is an international financial institution owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks". It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland.

The Swiss Financial Market Supervisory Authority (FINMA) is the Swiss government body responsible for financial regulation. As a state regulatory body, FINMA is endowed with supreme authority over banks, insurance companies, stock exchanges, securities dealers and collective investment schemes.

Finally, the SIX Swiss Exchange (formerly SWX Swiss Exchange), based in Zurich, is Switzerland's principal stock exchange (the other being Berne eXchange). The moves and evolution of this market are watched by CHF traders.