Reported 9 days ago
The dollar declined against the yen and Swiss franc amid fears over U.S. tariffs on China, which drove the yuan to an all-time low. President Trump's impending 50% tariff increase raised concerns about a potential recession, leading investors to seek safe-haven currencies. The dollar fell to 145.23 yen and 0.8430 Swiss franc, while market expectations for rate cuts by the Federal Reserve grew.
Source: YAHOO