21. April 2025|
AI
|8 months agoSwiss franc strengthens amid US trade tariff tensions
Analysis of how Trump's trade tariff threats are impacting the Swiss currency and its implications for the country's economy and consumers.
AI
Generated IllustrationKey Takeaways
AI
- The Swiss franc has strengthened against major currencies amid US trade tariff tensions
- Trump delayed 31% tariffs on Swiss exports for 90 days
- Switzerland is no longer considered a tax haven
- The Swiss franc serves as a 'safe haven' currency during global economic uncertainty
By The Numbers
$1.22
Swiss franc to USD exchange rate
€1.07
Swiss franc to EUR exchange rate
They Said
"The franc is clearly the winner of this US customs policy and constitutes a textbook case of 'safe haven'"