Yen and Swiss Franc Strengthen as Traders Seek Safe Havens Amid Tariff Concerns

Reported 1 day ago

The yen and Swiss franc rose as traders looked for safe investments following US officials' firm stance on trade tariffs, signaling a prolonged negotiation process. The Japanese currency increased by 1% against the dollar, while the Australian dollar dropped, indicating heightened risk aversion and fears of a global economic slowdown stemming from escalating trade tensions.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis