Introduction The USD/CHF Pair
The USD/CHF (US dollar/Swiss Franc) is the relation of the US dollar against the Swiss Franc. The CHF is the official currency of Switzerland and is considered a safe haven currency due to it’s relationship with gold. There’s also a strong negative correlation between EUR/USD and USD/CHF.
Forex Knowledge: Trading the US dollar/Swiss Franc
- Typical broker spread: 1.1-4 pips
- Common used nicknames: Swissy
- Most active trading sessions: EUR session and US session
- Most active trading hours: 7:30 GMT-17:30 GMT
- Average daily range (high-low): 111 pips
- Trading strategies to trade USD/CHF: Click here
- Recommended level of trading experience: Intermediate
- Value of one pip USD/CHF: Variable
Economic Events That Move The US dollar/Swiss Franc
A. Switzerland
- Trade Balance
- Gross Domestic Product (GDP)
- Consumer Price Index (CPI)
- UBS Consumption Indicator
- Adjusted Retail Sales
- SNB Three-Month Target Libor Rate
- SNB Quarterly Monetary Policy Assessment
- SNB Chief Economist Speaks
B. United States
- Employment – (Non-Farm Payrolls and Unemployment Rate)
- FOMC Rate Decision
- Trade Balance
- Current Account Balance
- Net Foreign Security Purchases (TIC)
- Gross Domestic Product (GDP)
- Consumer Confidence
- ISM Manufacturing
- Philadelphia Fed Survey
- Durable Goods Orders
- University of Michigan Consumer Sentiment Index
- Consumer Price Index
- Producer Price Index (PPI)
- Advance Retail Sales
- Fed President Speaks
