11 avril 2025|
AI
|8 months agoSwiss Franc Hits Historic Highs Amid Global Market Uncertainty
The Swiss currency reaches record levels against both euro and dollar, driven by global economic tensions and safe-haven demand.
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Generated IllustrationKey Takeaways
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- The Swiss franc hit a record low against the US dollar, trading at 0.8141 overnight Friday.
- US tariffs against China have been confirmed at a staggering 145%, higher than the previously announced 125%.
- The technology-heavy Nasdaq 100 plummeted by 4.2% following volatile trading sessions.
- UBS economists suggest an emergency interest rate cut by the SNB could be necessary in June if the franc does not weaken.
By The Numbers
0.8141
USD/CHF Exchange Rate
145%
US Tariffs on China
8%
SMI Intraday Peak Gain
0.92162
EUR/CHF Exchange Rate
They Said
"That’s the lowest level in years, if not a record low."
"An interest rate cut by the SNB in June could become necessary if the Swiss franc does not weaken from its current level."
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