CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pairing – The amount of Swiss Francs (CHF) that one can buy for every European Euro (EUR).
EUR – World’s second most traded currency
CHF - World’s seventh most traded currency
Optimism – The recent impact of the economic downturn on the price of the Euro, combined with the popularity of the Swiss franc as a safe haven currency, has had a major effect on this pairing, the less optimistic traders are about the position of the euro, the more likely that is to continue. The currencies were pegged for 3 years at 1.20 until the Swiss National Bank abandoned the peg in January 2015 without warning plunging the pair to a rate of 0.9.
Debt problems – Debt issues in Ireland, Greece, Italy, and Spain have also had a major impact on the worth of the Euro.
News – Information including trade reports, unemployment numbers, interest rates, economic performance, and more can affect this pairing.