Swiss Franc Is Standout Haven Bet in Trump’s Tariff Flareup
Yahoo Finance·2026-01-19 22:32
The Swiss franc is cementing its position as the world’s go-to refuge after US President Donald Trump’s latest tariffs broadside drove investors toward the safest assets and dimmed the appeal of the dollar. The Swiss currency led gains among Group-of-10 currencies on Monday as risk aversion took hold after Trump proposed new levies on eight countries that have opposed his plans to acquire Greenland. It advanced 0.7% versus the greenback, hit a two-month high against the euro and traded a whisker off a rec ...