Reported about 14 hours ago
As fears of a global recession mount following President Trump's aggressive tariffs, investors are flocking to safe havens like the yen and Swiss franc, while the Australian dollar suffers significant losses. The yen dropped to 145.92 against the dollar and the Swiss franc increased to 0.8531 per dollar, signaling a strong preference for risk-free assets. Market analysts predict a potential cut in U.S. interest rates by May as the broader market reacts to financial uncertainties created by these tariffs, with overall market value losses nearing $6 trillion.
Source: YAHOO