How to trade dollar yen and Swiss Franc in Forex trading
As a historically proven safe haven currency, the US dollar, Japanese yen and Swiss Franc are strong and often chased by capital, especially in financial market fluctuations or wars and terrorist attacks period. The US dollar is the dominant international currency, accounting for more than 40% of the global foreign exchange market's traffic, with high liquidity; Japan has a long-term low interest rate and a large number of overseas asset positions; Switzerland is a permanent neutral country with a strict bank secrecy system and is considered the safest place in the world. These three safe haven currencies have the characteristics of rotation and substitution in the financial market. For example, the Japanese yen was one of the most important safe haven currencies during the global financial crisis and the European debt crisis, but the occurrence of the earthquake in Japan made the Swiss Franc more popular. However, only eight months later, the Swiss central bank reset the exchange rate between the euro and the Swiss franc, making the US dollar as the no.1 safe haven currency of choice. The brexit referendum at the end of June directly led to the fall of the pound and euro, and as the main currency next to the dollar and euro, the yen once again became a hot safe haven currency. In foreign exchange trading, investors should seize the market trading opportunity according to the political and monetary policies of the safe currency countries.
The Swiss franc ranks fifth in terms of global liquidity, behind the U.S. dollar (), euro (EUR), Japanese yen and British pound sterling ().Forex traders speculate on CHF strength and weakness ... Usually, carry trades that involve the Swiss Franc pair it with the Pound Sterling or the Euro, so investors wishing to participate in Forex trading with this currency must pay close attention to interest rates in the Eurozone and in the UK to determine the demand for the Swiss Franc. Factors That are Unique to the Swiss Franc. Switzerland is ... The Swiss Franc has long been considered one of the currencies to buy when the markets are in risk off mode: Stocks lower, Swiss Franc higher. In theory, stocks and USD/CHF should move together. However, if we look at the USD/CHF over time, we can see that isn’t always the case. The green line in the chart below is the SPX500. See both the current exchange rate for Swiss franc (CHF) and the currency's historical development over time against the Swedish Krona. You can choose your own time span in the CHF/SEK graph from 2012 to today's date. We also list the countries where CHF is primarily used currency. The Swiss franc is still considered as a safe haven, such as the Japanese yen, and is climbing as fear of a second Covid-19 wave would strongly impact the economic growth. USD/CHF is therefore falling and has touched its lowest level since June 2015.. From a technical point of view, on a daily chart, USD/CHF remains on the downside and is capped by its declining 50-period moving average (in blue).
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