The CAD/CHF currency pair, which expresses the value of the Canadian dollar in terms of Swiss francs, is classically a risk-on pair. That is to say, the pair's price correlates positively with risk-taking activity. Risk assets include equities and "pro-economic-growth" commodities like oil.
This pair is particularly interesting at the moment for two reasons: firstly, the pair has fallen significantly recently, yet still remains within a fairly tight long-term range; and secondly, the recent fall in CAD/CHF has coincided with the (now global) outbreak of the coronavirus (currently referred to as 2019-nCoV, or 2019 Novel