USD/CHF chart by TradingView
The USDCHF currency pair is often called
'The Swissie'. The Swiss Franc is the last
Franc still in issuance in Europe. CHF is
shorthand for 'Confoederatio Helvetica'
Franc, and represents the economy of the
neutral nation situation in the center of
Europe. Switzerland has long been a key
banking center for customers around the
world, and the secrecy with which they
maintain their banking operations has
made them one of the more desireable
locations for storing cash. This has helped
to bring considerable strength to
the Swiss Franc, pressuring exporters
from the nation. When the European Debt
Crisis enveloped the continent, massive
inflows into Swiss Francs made the
situation worse until eventually the Swiss
National Bank (SNB) created a peg to the
Euro at a rate of 1.2 Swiss Francs for
every 1 Euro. If the EURCHF currency pair
fell below 1.20, the SNB proposed to
sell CHF and buy EUR to support the 1.20
floor.


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