US DOLLAR / SWISS FRANC Trading
The USD/CHF currency pair is usually called “The Swissie”. The CHF is the last Franc still in issuance in Europe, and the pairing of the USD to CHF is one of the most commonly traded currencies pairs in the Forex market, representing a significant quota of daily trading. Moreover, the currency pair had always a near-negative correlation with the EUR/USD pair. When the USD/CHF tends to rise the EUR/USD falls. Τhe USD/CHF currency pair has a negative correlation with gold and when the gold prices rise the USD/CHF tend to fall.
History of USD CHF Trading
The USD dates back to 1792, when the US dollar was created by the United States Congress as the official country’s currency. It serves as legal tender in many countries and it is the most widely used currency in the world both in circulation and reserve. The US dollar form the majors as it pairs with all main currencies in the foreign exchange market (forex).
The CHF represents the economy of the neutral nation situation in the center of Europe, and it is the official currency of Switzerland. The country has been for a long time a key player in the banking center for customers around the world and for more a desirable location for storing cash as it still secrets the maintain of their banking operations. This popularity helped the currency of Switzerland to gain considerable strength, pressuring exporters from the nation.
|USD/CHF Forex Chart|
|Minimum Nominal Trade Size: 1000|
|Overnight Interest (daily) Sell: -3.78%|
|Overnight Interest (daily) Buy: -0.46%|
|Trading Hours (GMT): 24/5|
|MT5 / MT4 Symbol: USDCHF|
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