(VIANEWS) – USD/CHF (USDCHF) is currently on bullish momentum. At 10:06 EST on Wednesday, 5 October, USD/CHF (USDCHF) is at 0.9875, 0.8065% up since the last session’s close.
Is USD/CHF Currency Pair a Good Investment?
Before investing in the USD/CHF currency pair, you should have a good understanding of how the currency markets operate. The currency pair has relatively low volatility when compared to other currencies such as the EUR/USD and GBP/USD. The US Dollar is a safe haven currency, so traders should not expect it to be volatile, but volatility in safe haven instruments is still a big factor to consider. This means that risk management strategies are required.
The USD/CHF exchange rate is highly affected by monetary policy. Interest rates and monetary policy decisions by the Swiss National Bank are the most influential factors. Additionally, the SNB’s recent decision to end the peg between the euro and franc in 2015 caused major price movements in the pair. In order to trade the pair successfully, it is important to monitor the SNB’s rate statements and policy decisions. These can provide a fundamental bias on the direction of the Swiss franc.
The USD/CHF currency pair is one of the most popular trading pairs on the forex market. The CH in the pair stands for Confoederatio Helvetica, which is the Latin word for Switzerland. The F stands for franc, which is a currency of the Swiss Republic. The US dollar is the world’s most widely traded currency, and represents approximately half of global currency trading volume. However, the Swiss franc is highly popular due to its high level of wealth, with one-third of the world’s privately owned wealth held in Swiss banks. Liechtenstein is located between Switzerland and Austria and is home to around 35,000 people.
USD/CHF (USDCHF) Range
Regarding USD/CHF’s daily highs and lows, it’s 0.909% up from its trailing 24 hours low of $0.98 and 0.765% up from its trailing 24 hours high of $0.98.
USD/CHF’s yearly highs and lows, it’s 8.648% up from its 52-week low and 1.868% down from its 52-week high.
USD/CHF’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.04%, a positive 0.06%, and a positive 0.50%, respectively.
USD/CHF’s highest amplitude of average volatility was 1.17% (last week), 0.69% (last month), and 0.50% (last quarter), respectively.
Previous days news about USD/CHF (USDCHF)
- Usd/chf retakes 0.9900 mark amid modest pickup in USD demand, ahead of US ISM PMI. According to FXStreet on Monday, 3 October, "The USD/CHF pair attracts fresh buying near the 0.9830 region on Monday and turns positive for the second successive day. ", "Nevertheless, the USD/CHF pair seems poised to climb further towards the 0.9945-0.9950 supply zone, or a multi-month high set in September."
- Usd/chf price analysis: double bottom in the hourly chart, targets 0.9970s. According to FXStreet on Monday, 3 October, "During Monday’s session, the USD/CHF decisively cleared the September 29 daily high at 0.9855, validating the pattern, which targets a rally towards 0.9974.", "The USD/CHF is slightly down as the Asian Pacific session begins, though in the week it is gaining some 0.49%, after hitting a weekly high in the mid-0.99-1.00 range, due to improvement in sentiment; however, it retraced some to the current spot prices. "
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