April 11, 2025 12:04 PM

Dollar sinks to decade-low vs Swiss franc as US hit by loss of confidence

The dollar slumped on Friday as waning confidence in the U.S. economy prompted investors to ditch U.S. assets to the benefit of safe havens such as the Swiss franc, yen, and euro, as well as gold. The yellow metal recorded a new all-time peak, and the franc notched a fresh decade high. Investors dumped Wall Street stocks overnight, as a powerful relief rally on Wednesday - when President Donald Trump abruptly paused higher tariff rates on dozens of trading partners - reversed course in a frene...