The Euro zone is the primary trade partner of Swiss zone. This is an attractive cross currency pair to long for carry traders (due to the very low CHF interest rate) when the overall technical and fundamental outlook supports an appreciation of EUR/CHF.
Currency cross rates are currency pairs that does not include USD, such as EUR/JPY. Pairs that involve the EUR rate are called euro crosses, such as EUR/CHF and EUR/JPY. All other currency pairs that don’t involve USD or EUR are generally referred to as cross rates. Examples of cross rates are GBP/CHF and CAD/JPY.
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