The USDCHF, also known as the “swissie” is the fifth most traded currency in the Forex market. It is considered to be a safe haven pair due to its stability and neutral character of Switzerland and is a reserve currency used by markets worldwide.
It doesn’t take much for the greenback to jump in this shaky market environment.
The pair advanced to levels above 0.93 in early Friday deals.
The exchange rate slipped under 0.9200 early on Thursday
The Swiss currency is gaining momentum against a weaker dollar.
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