USD/CHF trades around 0.7660 on Thursday at the time of writing, down 0.40% on the day, under pressure from a broadly weaker US Dollar (USD) and increased demand for safe-haven currencies. The Swiss Franc (CHF) benefits from a market environment marked by political uncertainty in the United States (US), persistent geopolitical tensions, and growing questions over the credibility of US institutions. In this context, the Swiss Franc fully benefits from its defensive status, especially as geopolitical tensions in the Middle East reinforce investor caution. According to analysts at MUFG, the loss of confidence in US economic policymaking has revived fears of long-term currency debasement, supporting demand for the Swiss Franc as a store of value. The bank notes that this dynamic could increase pressure on the Swiss National Bank (SNB) if the CHF continues to appreciate.