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In this section, you will find important USDCHF news, actionable trading ideas, and a live USDCHF chart to help you understand how the Swiss Franc trades vs. the US Dollar.
The USDCHF Forex pair is one of the most commonly traded pairs in the Forex market, presenting the sixth-largest volume worldwide according to a survey by the Bank for International Settlements. USDCHF also is known as Swissie between forex traders, is the ticker symbol in fx markets that represents how many Swiss Francs you can buy with one US dollar. The Swissie launched in 1850, has long been recognized as a safe-haven currency for international traders. This is because of the stability of the Swiss economy and the low inflation in the country. Switzerland is a major global banking center and that adds to CHF strength.
Live USDCHF Chart
The USDCHF pair lost ground throughout the trading session as the US Dollar started the week on a bearish note across the board. The greenback is giving back nearly the entire 0.7% it gained the previous week after long positions unwound. The lower-than-expected economic growth in China triggered the unwinding […]
According to the latest CFTC Positioning Report, speculators have reduced their net short positions on the US Dollar. Net shorts on the greenback for the week ended September 29 fell from $33.60 billionto $30.47 billion. This positioning change by USD speculators is reflecting in the USDCHF pair, which is starting […]
The USDCHF looks like it had bottomed recently. The move lower to the 0.90 level was met only with buying orders. From both a technical and fundamental perspective, the pair looks poised to gain from here. The only thing that threatens the bullish perspective is the possibility that safe-haven currencies […]
With the financial markets, sometimes you never know. The US Dollar had been on a bullish roll this Wednesday. However, this has unwound in the last hour as a result of month-end flows. This situation has manifested on the USDCHF with a 100-pip downside move in the last hour and […]
The USDCHF bounced from the 0.90 level just when the Dollar Index reversed. The recent move lower in the last couple of days comes in the context of a lower USD across the board. But that is likely to reverse soon. By falling to the current 0.92 level, the USDCHF […]
The USD/CHF continued on its bullish track for the 6th straight day, buoyed by a stronger greenback and the SNB intervention rhetoric. Friday’s downbeat US Durable Goods Orders data did not dampen the bullish sentiment on the US Dollar: rather, it added to it as the markets continue to register […]
The US Dollar continued its rebound over the Swiss Franc as the Swiss National Bank kept to its expansive rate policy intact. The SNB via its Chief Thomas Jordan said Switzerland’s economic downturn due to the coronavirus pandemic is not as bad as once feared. Jordan reiterated the maintenance of […]
The latest CFTC Positioning Report indicates that speculators had cut back on their net US Dollar short positions. In the week ended September 15, USD net shorts had fallen from the previous week’s value of $32.67 billion to $30.90 billion, in a report monitored by Reuters. The USD also saw […]
The USDCHF pair formed multiple reversal patterns at the 0.90 level. However, it still struggles against significant resistance at 0.92, frustrating bulls. The Swiss National Bank (SNB) later in the trading week may offer a reason for the pair to broke higher, although it seems like the price action is […]