The Swiss franc has surged to its strongest level against the dollar in over a decade as investors seek a stable haven amid political and market uncertainty. Its rise, now above SFr0.77 per dollar, follows last week’s Greenland crisis and ongoing worries about the US central bank and Trump administration policies notes the FT. The franc’s strength mirrors broader trends as the euro and other safe-haven assets also gain from dollar weakness.
The FT also reports that the US dollar fell to a four-year low on Tuesday, down 1.3% against major currencies. Sterling and the euro hit multi-year highs, bolstered by signs of economic recovery in the UK and Germany. Investors flocked to haven assets, sending gold up 3.5% and silver more than 8%, while Bitcoin rose slightly. Analysts attributed the dollar’s weakness to policy uncertainty, geopolitical tensions, and speculation over potential U.S.-Japan market intervention. Many expect the greenback to weaken further in 2026, with implications for import prices, inflation, and global investor confidence.
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Trump swooping in and exclaiming the weakening dollar is a good thing will almost certainly mean the dollar’s slide will continue. Good for me but bad for people still in the US.
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The Swiss franc has surged to its strongest level against the dollar in over a decade as investors seek a stable haven amid political and market uncertainty. Its rise, now above SFr0.77 per dollar, follows last week’s Greenland crisis and ongoing worries about the US central bank and Trump administration policies notes the FT. The franc’s strength mirrors broader trends as the euro and other safe-haven assets also gain from dollar weakness.
The FT also reports that the US dollar fell to a four-year low on Tuesday, down 1.3% against major currencies. Sterling and the euro hit multi-year highs, bolstered by signs of economic recovery in the UK and Germany. Investors flocked to haven assets, sending gold up 3.5% and silver more than 8%, while Bitcoin rose slightly. Analysts attributed the dollar’s weakness to policy uncertainty, geopolitical tensions, and speculation over potential U.S.-Japan market intervention. Many expect the greenback to weaken further in 2026, with implications for import prices, inflation, and global investor confidence.
Trump swooping in and exclaiming the weakening dollar is a good thing will almost certainly mean the dollar’s slide will continue. Good for me but bad for people still in the US.