#ĐánhGiáSànForex The USD/CHF exchange rate reacted notably to Switzerland's implementation of negative interest rates. When the Swiss National Bank (SNB) introduced and maintained negative rates (starting in 2015), it aimed to curb the Swiss franc's strength, which was seen as a safe haven. These negative rates reduced the appeal of holding Swiss assets, prompting capital outflows and weakening the CHF relative to the USD. As a result, the USD/CHF pair generally trended upward, meaning the dollar appreciated against the franc. However, during global uncertainty, CHF still saw demand due to its safe-haven status, occasionally strengthening despite negative rates.