USDCHF is under heavy selling pressure after the pair breached the 50 hour moving average at 99.27 and now is trading close to daily low at 0.9886. The pair hit the daily low at 0.9879 and the high at 0.9960. The move today enhances the bearish outlook for the pair as traders convinced that the Fed will eventually move to cut interest rates by the end of 2019, coupled with the post-ECB spike in euro and weaker US economic figures. In its latest quarterly report, FED announced that the household debt in the U.S. rose at an annual rate of 2.3% to $15.7 trillion in the first quarter of 2019 following the 2.8% growth recorded in the last quarter of 2018.
USDCHF
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
Chart by TradingView
USDCHF continues its trip north for third consecutive session reaching 0.9930 rebounding from the lows at 0.9850. The move today...
Investors attention will turn to macro data this week after the G-20 summit this weekend. Euro traders will closely follow...
Traders today await the Non-Farm Payrolls, but before that during the European session we have the Germany May factory orders...
Swissie traders await today the Swiss unemployment rate which will be released at 5:45GMT. In the American calendar, US Fed...
USDCHF is trading higher today at 0.9943 despite better than expected Swiss unemployment rate, which came in at 2.1% versus...
European session is quite today, USDCHF traders await the Switzerland June producer and import prices due at 6:30GMT while at...
Good day to all. There is not much on the European economic calendar today, the USDCHF traders await the Switzerland...
Switzerland Trade Balance came in at 4096M topping expectations of 3210M in June. The Switzerland Exports (month over month) came...
Good Day to All We have a slow start for the week today in our forex calendar, but the rest...