swiss franc

Safe-haven yen and Swiss franc gain as weekend Iran strikes unnerve markets

The possibility of prolonged turmoil in the Middle East and the ripple effects of higher oil prices are giving money managers fresh reasons to sell equities and shift into safety.

Wall Street turns to ‘haven-first’ strategies amid Iran attacks

The Swiss Franc Index is currently hovering at the top-125 levels, having moved sideways to the six-month low at 123.

USD/CHF trades within key range as SNB holds rates and Fed turns cautious

While the probable interventions of the SNB are weighing against still elevated safe-haven demand for the franc, the economists concluded that in sum the currency may become less attractive.

Swiss National Bank likely intervening to weaken franc: UBS

SNB president Martin Schlegel and colleagues had signalled as recently as March that they were probably finished with easing, but the currency’s role as a haven from turmoil forced their hand.

Swiss National Bank cuts interest rate to zero in effort to stop franc inflows

The dollar was last down 0.7 per cent against the Swiss franc at 0.8175 francs, just slightly above Friday’s 10-year low.

Greenback under pressure; safe havens outperform

The yen on Monday was 0.7 per cent firmer at 147.035 per dollar, having reached 146.94 on Friday, its strongest in five months.

Tariff and growth worries boost safe-haven yen, Swiss franc

The US dollar index is little changed at 106.58, a day after a US inflation reading cemented bets for a rate cut from the Federal Reserve next week.

Euro, US dollar steady before ECB decision, Swiss franc falls on large rate cut

The dollar index, which measures the currency against the yen and five other major peers, rose 0.2 per cent to 106.34.

US dollar steadies, Aussie drops after RBA, Chinese trade data

Most global investments are still denominated in US dollars, which means at times of volatility, investors withdraw to its safety.

Finding a haven in selected currencies