Convert USD to CHF
Key economic data from Switzerland is published by the Federal Statistical Office (FSO) - the official statistics organization in the country. Traders interested in the USD/CHF should look for survey releases from the FSO, including business census, national CPI, earnings, and labor reports.
USD/CHF is closely correlated with EUR/USD and GBP/USD, but shares a negative correlation, which makes it strengthen whenever EUR/USD or GBP/USD weaken and vice versa. As the Swiss franc is a safe haven currency, USD/CHF also shares a negative correlation with gold - the safe haven metal.
Experienced forex traders will enjoy trading this currency pair as it offers ample opportunities in the form of volatility, trading volume and liquidity. However, it is not as easy for novice traders to trade USD/CHF as the safe haven appeal of the CHF makes it challenging to earn too many pips from the Swissy.
USD/CHF touched a high of 0.9905 on 20 March, while the weakest level this currency pair has touched so far this year is 0.8999 on 1 September.