The latest USD CHF news is often guided by the monetary policies of the USA’s Federal Reserve and/or the Swiss National Bank (SBN). The repercussions of the global financial crisis of the late 2000s and early 2010s provide an example of how such policies can affect the USD CHF rate.
Due to its reputation as a ‘safe haven’ currency, huge investor demand for the Swiss franc saw its value soar and the USD CHF rate fall. At odds with the Swiss reliance on exports, the SNB stepped in to peg the currency to the euro and maintain its export market. Abandoning that cap in January 2015, however, caused the franc to surge – and the USD to CHF rate plunge.