The Swiss franc could surge as much as 17% to the dollar amid growing confidence in the currency’s haven status in the face of US policy uncertainty, according to Morgan Stanley strategists.
Banknotes in denominations of 10, 20, 50 100, 200 and 1000 Swiss francs are photographed in Lausanne on December 23, 2025. (Photo by Fabrice COFFRINI / AFP via Getty Images)
The Swiss franc could surge as much as 17% to the dollar amid growing confidence in the currency’s haven status in the face of US policy uncertainty, according to Morgan Stanley strategists.
Banknotes in denominations of 10, 20, 50 100, 200 and 1000 Swiss francs are photographed in Lausanne on December 23, 2025. (Photo by Fabrice COFFRINI / AFP via Getty Images)
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