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Yen, Swiss franc surge
Yen and Swiss franc jump, dollar drops as DeepSeek concerns drain risk appetite
The Japanese yen and the Swiss franc gained against major currencies on Monday amid a selloff in technology stocks as markets weighed the implications of a Chinese startup launching a free open-source artificial intelligence model.
Yen, Swiss franc rise, dollar drops as DeepSeek fuels risk concerns
The benchmark S&P 500 was down 1.6 per cent to 6,003.04, dragged down by technology stocks. AI chipmaker Nvidia was down nearly 14 per cent to $123.02
Yen and Swiss franc gain amid risk-off sentiment
The forex market's main safety plays are in demand. The Japanese yen is gaining 0.8%, pushing the USD/JPY cross back below the 155 mark, while the Swiss franc is 0.5% stronger with USD/CHF at 0.9018.
1h
Stock market today: Nasdaq clobbered, S&P 500 tumbles as AI fears rock Nvidia, tech stocks
The tech-heavy Nasdaq Composite ( ^IXIC) sank nearly 3.5%, while the S&P 500 ( ^GSPC) dropped nearly 2%. The blue-chip Dow ...
1d
Swiss president forecasts deficits of 3 bln francs in coming years
Switzerland's President and Finance Minister Karin Keller-Sutter forecast higher annual budget deficits of around 3 billion ...
4h
Consumer Staples Out Of Favor: Cautious Buy For Nestlé
Nestlé faces challenges from reduced pricing power and FX headwinds, yet maintains relatively robust volumes. Learn more on ...
Exchange Rates
23h
Swiss Franc to Euro Forecast: 1.0669 in Two Months
Analysts at Rabobank predict the Euro to
Swiss franc
exchange rate (EUR/CHF) will face downward pressure in the coming months. According to analysts at CIBC Capital Markets, following the ...
3h
Tech tailspin on China's AI drive set to hammer Wall Street
U.S. stocks were headed for a sharp drop on Monday, led by technology shares, as surging interest in Chinese startup DeepSeek ...
devdiscourse
1d
Switzerland Faces Budget Deficit Amid Military Expansion and Pension Hikes
Switzerland's President Karin Keller-Sutter predicts a 3 billion Swiss Franc annual budget deficit in the coming years, ...
5d
Swiss National Bank can cut rates further or go negative, chairman says
The Swiss National Bank still has room to cut interest rates again and even take rates below 0% if Swiss inflation goes too ...
5d
Tariffs On Swiss Watches: What It Could Mean For U.S. Consumers
Trump's universal tariffs could have a significant impact on the Swiss watch industry, affecting pricing strategies, consumer ...
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