Euro surges against dollar as US-China trade war rages

Euro surges against dollar as US-China trade war rages

The dollar continued to tumble today, hitting its lowest in a decade against the Swiss franc and sending the euro above $1.14, as the fallout from US tariffs continued to undermine the dollar's status as a safe haven in times of stress.

Swiss franc at all-time highs against euro and dollar

The Swiss franc is once again living up to its name as a safe haven.

Safe-haven Swiss franc at decade high vs dollar as US-China trade war rages

LONDON: The dollar continued to tumble on Friday, hitting its lowest in a decade against the Swiss franc and sending the euro above US$1.14, as the fallout from US tariffs continued to undermine the dollar's status as a safe haven in times of stress. © New Straits Times Press (M) Bhd

Trump tariffs: European markets rise on opening but global recession fears persist

Anxiety has sparked a rush into safe havens, sending the Swiss franc soaring to a decade high against the dollar

Wiesbaden, April 12, 2025. Since the decoupling of the US dollar from gold bonding on August 15, 1971, this currency has been a FIAT currency – so-called paper money. Paper money has no internal value, it is based only on trust. All paper currencies – sooner or later – strive to its internal value. The trade war between the US and China seems to accelerate this development.

Exchanges fall by war of tariffs between the US and China, what investment is saved from shock?Of course it would be totally exaggerated to compare Peru's currency with that of one of the most developed countries in the world.In any case, it must be recognized that its impressive relative performance (i.e. against other currencies in the region) during the last time has led to one of the most frequent questions of investors being what is behind …