The Swiss National Bank (SNB) uses foreign exchange intervention to influence its currency’s value. This article explores UBS’ recent analysis highlighting the potential for further interventions against a strengthening Swiss Franc. The SNB’s actions are crucial for Switzerland’s economic performance, as they can impact inflation and export competitiveness. Global factors like geopolitical events and market volatility, along with the Swiss economy’s reputation for stability, contribute to CHF strength. While safe-haven status drives its appreciation, UBS analysis suggests a potential intervention from the SNB if CHF gains exceed certain thresholds. This analysis is based on observing currency market trends and interpreting them through the lens of the SNB’s history with FX intervention. Understanding these dynamics is crucial for traders who are active in the foreign exchange market as it can impact other asset classes like commodities, stocks and even cryptocurrencies.