USDCHF (USDCHF^)

Pairing – The amount of Swiss francs (CHF) that one can buy for every United States dollar (USD).

Position

USD – World’s most traded currency

CHF - World’s seventh most traded currency

Important factors

• Commodities – Oil, gold, and coal prices tend to be those that affect the franc most, whereas the US has a vast array of commodities which can affect the dollar, including oil, technology, and agricultural products.
• Manufacture – The US is responsible for a large percentage of the world’s manufacture, the dollar is, therefore, susceptible to change depending on the strength of the manufacturing industry in the US and worldwide.
• Reserve currency – Both of these currencies are popular safe-haven currencies, the Swiss franc because it tends to appreciate in times of economic difficulty, and the US dollar because all major commodities are priced in dollars, holding the currency steady.