The USDCHF, also known as the “swissie” is the fifth most traded currency in the Forex market. It is considered to a safe haven pair due to its stability and neutral character of Switzerland and is a reserve currency used by markets worldwide.
- The USD/CHF is the currency for the U.S. dollar and the Swiss franc, with the rate reflecting how many francs it takes to buy one USD.
- The CHF is often viewed as a safe haven due to the country’s stable political and financial position.
- The USD/CHF tends to be negatively correlated with the EUR/USD and GBP/USD.
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