The USD/CHF pair holds positive ground around 0.8875 during the early European session on Tuesday.
USD/CHF drifts higher to near 0.8875 in Tuesday’s early European session. Trump’s fresh tariff threats provide some support to the USD. Geopolitical risks might boost the Swiss Franc and cap the pair’s upside. The US Dollar gains traction broadly after US President-electDonald Trump on Monday vowed tariffs on Mexico and Canada and extra tariffs on China.
Why is the Swiss Franc considered a safe-haven currency? The Swiss Franc is considered a safe-haven asset, or a currency that investors tend to buy in times of market stress. This is due to the perceived status of Switzerland in the world: a stable economy, a strong export sector, big central bank reserves or a longstanding political stance towards neutrality in global conflicts make the country’s currency a good choice for investors fleeing from risks.
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