Slightly deceptively, this represents the pairing of the USD against the Swiss Franc (Confoederatio Helvetica Franc). It represents the largest neutral nation in the world. It’s been a key banking center for decades, due in no small part to the confidentiality of the Swiss banking system, but due to complications from the European debt crises, the CHF is now pegged to the Euro at a rate of 1.2 to 1, making the USD/CHF an interesting trading choice.
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