The dollar falls against the euro and the Swiss franc economy

The dollar continued to decline today, Friday, to reach its lowest level against the euro for more than 3 years, affected by the commercial and economic policies of US President Donald Trump, which undermines US credibility in the currency market, according to observers.

The US currency fell 1.6% against the European currency to $ 1.1383 for the euro near 08:30 GMT, after it had reached $ 1.1416 during the same session, its lowest level since February 2022.

Today, the US dollar fell against the Swiss franc to its lowest level in 10 years due to the decline in confidence in the American economy, which prompted investors to abandon American assets in favor of safe havens, including the Swiss franc, yen and the euro in addition to gold.

• The dollar fell by 1.2% to 0.81405 Swiss francs for the first time since January 2015, continuing its decrease, which reached approximately 4% yesterday, Thursday.
• The US currency fell 1.1% to 142.88 yen, its lowest level since last September.
• The British pound increased by 0.5% against the American currency.
• The dollar index fell by about 1.2%, to be less than 100 points for the first time since July 2023.
• Gold jumped 1.4% to an unprecedented level at $ 3219.23 an ounce.

A wave of sale for stocks and bonds

The Wall Street Stock Exchange in New York witnessed a sales wave yesterday, Thursday, abandoning great gains in the previous session.comment Trump app Customs On dozens of countries.

Long -term US Treasury bonds are also witnessing extensive sale, which puts returns on bonds for 10 years on the path of achieving its largest weekly jump since 2001.

“A strong sale in the American market has prevailed, and (purchases) went to the assets of traditional safe haven, as the dollar retracted its attractiveness,” said Chris Weston, head of the research department in Bibreston.

He added that “these moves seem similar to the flow of foreign capital, as many focused on the idea that Trump’s reluctance to suspend customs duties was due to an increase in the risk of the system and the migration of capital.”