The USD/CHF surged initially after the US Core PCE Price Index had its highest annualized increase in 27 years, notching up 3.1% (consensus of 2.9% and up from 1.9% in March). However, it has shed some of these gains, even as MUFG bank argues that there is no significant backing […]
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 USD/CHF pair pulled back from weekly highs as underwhelming US data undermined the greenback in the New York session. The situation preserved the integrity of a key resistance level and sent the pair into negative territory. The Swiss Franc thus maintains its status as a safe-haven currency, despite commentary […]
The USD/CHF pair extended its slide for the second straight session, taking it on a path to a lower weekly close as the selling on the greenback intensified on Friday. The plunge in the pair followed abysmal US economic data, which showed a huge dip in retail sales from 10.7% […]
The USD/CHF is trading lower for the fourth straight day, following a continuation of the bearish sentiment that has permeated the US Dollar for several weeks now. The latest consignment of weakness was fueled by the weak employment report of Friday, which saw the unemployment rate in the US climb […]
USD/CHF is trading lower as a reaction to the higher-than-expected CPI index. On Wednesday, the country’s CPI reading came in at 0.3%; up from the previous -0.2%. While it is still below 2% target set by Swiss National Bank. Monday’s manufacturing PMI data further highlights the steady recovery of Switzerland’s […]
The USD/CHF pair is little changed today as the market reflects on the recovering Swiss economy and the relatively weaker US dollar. It is trading at 0.9133, which is 0.60% above last week’s low of 0.9080. What happened: The top catalyst for the USD/CHF pair today is the Swiss and […]
USD/CHF is up by 0.05% at 0.9362 ahead of the Swiss National Bank (SNB) monetary policy meeting today. Analysts expect the central bank to maintain interest rates at the current -0.75%, which is the lowest globally. Even with the rates remaining unchanged, investors will be keen on the bank’s monetary […]
The USD/CHF price declined slightly in the overnight session as traders reacted to the signing of the American stimulus package and the Swiss economic forecast. The pair is trading at 0.9265, which is slightly below this week’s high of 0.9374. What happened: After weeks of debates, the House of Representatives […]
The USD/CHF pair pulled back slightly from its multi-month tops, as traders bullish on the greenback took some profits this Tuesday. Bond yields are also retreating, which seems to be the trigger for the profit-taking activity. Risk-on sentiment remains high, which could limit the retracement move on the USD/CHF pair. […]
The USDCHF continues to march higher as it hits 5-month highs. Credit Suisse analysts are predicting that the 0.9296/0.9330 price level could be a new target if the pair can breach the 0.9195/0.9208 price resistance zone. The analysts are not ruling out a move towards the 0.9498/0.9546 price levels as […]