The weakness of the dollar in recent weeks continues. The greenback hit new lows for the year against both the franc and the euro on Tuesday. +Get the most important news from Switzerland in your inbox Against the franc, the dollar is currently at its lowest level in 14 years. Against the euro, the US currency is at its weakest since 2021. The dollar reached a daily low of CHF0.7872 around midday. The euro, on the other hand, rose to 1.1832. Meanwhile, the franc also strengthened somewhat against the euro. With a low of CHF0.9307, the euro is targeting the CHF0.93 mark. + The world’s strongest currency is also super-competitive As Deka-Bank writes in a recent statement, this current dollar movement is mainly due to the interest rate differential between the US and the eurozone. On the other hand the greenback's first bout of weakness at the beginning of April following US President Donald Trump's "Liberation Day" was mainly driven by asset shifts out of the US. Commerzbank adds ...
