USD/CHF
What is USD/CHF CFD?
USD/CHF CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the US Dollar against the Swiss Franc.
The US Dollar is the world's primary reserve currency and the most widely traded currency globally. Its value is influenced by US economic performance, Federal Reserve monetary policy, and global economic sentiment.
The Swiss Franc, issued in Switzerland, is considered a safe-haven currency, often sought after during times of economic uncertainty.
Switzerland's political and economic stability contributes to the Franc's strength. Therefore, the Swiss Franc may experience fluctuations based on global economic stability and investor risk sentiment. The USD/CHF currency pair will be influenced by global risk sentiment, and changes in the economic outlooks of the United States and Switzerland.