Lates News

Trump's policies have led investors to sell off US assets, causing the US dollar to fall on Monday and boosting safe-haven currencies including the Japanese yen and Swiss franc. JPMorgan predicts that the selling trend will continue. With no progress on trade agreements, the US dollar spot exchange rate index fell by 0.5% and has dropped nearly 7% so far this year. Disappointing manufacturing data on Monday heightened concerns about US economic growth and weighed on the US dollar. The Japanese yen and Swiss franc, along with other safe-haven currencies, rose by about 1%. The British pound rose to its highest level in three years.