USD/CHF Exchange rate
Editors’ Picks

AUD/USD: Stuck within the range
AUD/USD left behind Tuesday’s strong pullback and regained upside impulse on Wednesday, advancing well north of 0.6500 the figure despite the late rebound in the Greenback. Investors will now closely follow the release of the always relevant Australian jobs report.

EUR/USD stalls below 1.1500 as Fed holds, Trump comments lift Dollar
The EUR/USD trades almost flat after climbing past the 1.1500 figure, following the Federal Reserve's decision to hold rates unchanged, amid increasing tensions in the Middle East. This, along with comments from US President Donald Trump, boosted the Dollar, capping the Euro’s advance.

Gold loses the grip, breaks below $3,400
Gold now turns negative after breaching below the key $3,400 mark per troy ounce on Wednesday, all in response to the hawkish message from Chair Powell after the Fed’s steady hand at its gathering.

Australia unemployment rate expected to signal a broadly stable labor market
The Australian Bureau of Statistics will release the May monthly employment report at 01:30 GMT on Thursday. The country is expected to have added 25K new job positions, while the Unemployment Rate is projected to hold steady at 4.1%.

In the Eurozone, inflation is also a monetary phenomenon
Monetary aggregates continue to be closely monitored by the European Central Bank (ECB), a sign that, despite the passage of time and the increasing complexity of financing circuits, quantitative theory remains relevant.
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Signatures
USD/CHF
Commonly referred to as the Swissie, the pair reflects how many Swiss
Francs
(CHF) are needed to purchase one US Dollar (USD). Both currencies are traditionally considered
safe-haven
assets. During times of uncertainty, the Swiss Franc tends to remain stable or appreciate
against its
European counterparts.
The USD/CHF pair typically has a negative correlation with the
EUR/USD and
GBP/USD currency pairs. This is due to the positive correlation shared by the Euro, Swiss Franc
and British
Pound.
To curb the excessive appreciation of the Swiss Franc and its potential negative
impact on Swiss exports during the global financial crisis, the Swiss National Bank implemented
a currency
peg at CHF 1.20 per EUR in 2011. However, since the SNB removed the currency peg in January
2015, the CHF
has partially lost attractiveness in turmoil times, with speculative interest more inclined
toward the
Japanese Yen (JPY) or Gold.
HISTORIC HIGHS AND LOWS FOR USD/CHF
- All-time records: Max: 4.3076 on 4/01/1971 – Min: 0.7069 on 8/08/2011
- Last 5 years: Max: 1.0147 on 14/10/2022 – Min: 0.8332 on 22/12/2023
* Data as of December 2024
ASSETS THAT INFLUENCE USD/CHF THE MOST
- Currencies: Particularly the Euro and the Japanese Yen due to their significance as commercial partners.
INFLUENTIAL ORGANIZATIONS FOR USD/CHF
- The Swiss National Bank: The SNB is Switzerland’s central bank, responsible for the country’s monetary policy and the sole issuer of Swiss Franc banknotes. Its primary objective is to ensure price stability while considering economic developments, thereby fostering an environment conducive to economic growth. To ensure price stability, the SNB aims to maintain appropriate monetary conditions, which are determined by the interest rate level and exchange rates. For the SNB, price stability means a rise in the Swiss Consumer Price Index (CPI) of less than 2% per year. Martin Schlegel is Chairman of the Governing Board of the SNB.
- The Federal Reserve of the United States (Fed), whose chairman is Jerome Powell . It is the central bank of the US and it has two main targets: to maintain the unemployment rate at its lowest possible levels and to keep inflation around 2%. The Federal Reserve System's structure is composed of the presidentially appointed Board of Governors and the partially appointed Federal Open Market Committee (FOMC). The FOMC organizes eight scheduled meetings in a year to review economic and financial conditions. It also determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth.
- The European Central Bank : The ECB i s the central bank empowered to manage monetary policy for the Eurozone. The ECB’s mandate is to maintain price stability in the Eurozone, so that the Euro’s (EUR) purchasing power is not eroded by inflation. Christine Lagarde has been the President of the ECB since November 1, 2019. The ECB significantly influences the Swiss Franc due to the strong trade and business ties between the Eurozone and Switzerland.
- The Bank for International Settlements (BIS): Based in Basel, Switzerland, the BIS is an international financial institution owned by central banks. It fosters international monetary and financial cooperation while providing banking services exclusively to central banks and other international organizations.
- The Swiss Financial Market Supervisory Authority (FINMA): As the state regulatory authority, FINMA oversees banks, insurance companies, stock exchanges, securities dealers, and collective investment schemes, ensuring the stability and integrity of Switzerland's financial markets.
- The SIX Swiss Exchange: Based in Zurich, it is Switzerland's principal stock exchange.