USD/CHF retreats below 0.8850 as Trump's tariffs loom
Portfolio Pulse from
The USD/CHF currency pair softened to around 0.8840 in early European trading, driven by uncertainty surrounding potential US trade tariffs. President Trump's upcoming announcement of reciprocal tariffs and geopolitical tensions are contributing to market risk aversion, causing the US Dollar to decline against the Swiss Franc.
April 01, 2025 | 7:15 am
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NEGATIVE IMPACT
Currency pair weakens due to potential broad tariffs and geopolitical tensions, with Swiss Franc benefiting from safe-haven status
Uncertainty around Trump's tariff announcement and geopolitical tensions are causing risk aversion, leading to a decline in the USD and strengthening of the CHF as a safe-haven currency.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100