USD/CHF plunges below 0.8000 to levels unseen since 2008 crisis

USD/CHF has broken below the psychologically important 0.8000 level for the first time since the 2008 financial crisis, marking a significant milestone in Swiss franc strength. The dramatic decline reflects multiple factors including persistent safe-haven demand for the franc, diverging monetary policies between the Swiss National Bank and Federal Reserve, and concerns about US fiscal sustainability. The SNB's relatively hawkish stance compared to other major central banks has supported the franc, while recent US economic data has weighed on dollar sentiment. This multi-year low represents a critical technical breakdown that could accelerate franc appreciation if the level cannot be reclaimed quickly. The move below 0.8000 may trigger additional selling pressure from technical traders and algorithmic systems. Traders should monitor SNB intervention risks at these extreme levels, though the central bank has shown less willingness to actively weaken the franc recently compared to previous years.