The USD/CHF is very popular currency pair on the Forex market, which is heavily dependent on the economic situation in the USA. That is why a trader should primarily focus on the economic indicators of the United States of America. Switzerland is a highly developed and rich country. The country’s production is entirely export-oriented. However, Switzerland has the most progressive banking and insurance sectors of its economy. UBS and Credit Suisse are the major banks in Switzerland, which are among the largest banks in the world.
The Swiss economy remains strong for several centuries. For this reason, its national currency enjoys a great confidence all over the world as one of the most reliable and stable currencies. The Swiss franc is also a safe haven for capital investment during the crisis. Therefore, in times of crisis, when capital is urgently forwarded to Switzerland, the Swiss franc rises sharply against other currencies. This feature of Swiss economy should be taken into account when you trade this financial asset.