The U.S. dollar resumed its downward trajectory on Wednesday, suffering notable losses against the Swiss franc and euro. This decline is linked to renewed market anxiety stemming from ongoing tariff tensions.
The currency’s struggle reflects broader economic concerns, following U.S. pledges to impose restrictions on chip exports to China and pending tariffs on critical minerals.
Significantly, the Swiss franc has surged, partly due to its traditional role as a safe haven during market volatility, prompting investor speculation about potential central bank interventions.
(With inputs from agencies.)
