The currency pair EURCHF shows the relation of Europe’s common currency against the Swiss franc. The EURCHF tool belongs to cross-rates, having a considerable dependence on US dollar. Couple possesses high liquidity and also differs by ”quieter” behavior in comparison with other tools in the foreign exchange market. Sometimes currency quotes do not perform any considerable price movements throughout a long time.
The financial instrument EURCHF is especially susceptible to fundamental and geopolitical factors. During large universal disturbances, the purchase of Swiss franc considerably grows because of its stability and reliability as one of reserve currencies. The couple is strongly influenced by GDP of Switzerland, and also a consumer price index and GDP of the European Union in general. Because of the strong dependence on USD it is necessary to pay attention to the events occurring in the USA and dynamics of their economic indicators. EURCHF is subject also to price influence on gold as the solvency of Swiss franc is attached to its cost.