The dollar fell on Friday as lower confidence in the American economy prompted investors to dump American assets in favor of safe havens like the Swiss franc, yen and euro, and gold. The yellow metal recorded a new all-time high and the franc reached a new ten-year high. The dollar fell 1.2 percent to 0.81405 Swiss francs for the first time since January 2015, extending Thursday's drop of nearly 4 percent. The U.S. currency slid 1.1% to 142.88 yen, its lowest level since September 30. It also fell by 0.5% to a 5-month low of $1.3910 CAD. The dollar index, which measures the greenback against these four currencies and two other major counterparties, fell as much as 1.2%, bringing it below 100 for the first time since July 2023. The American currency fell by 0.3% to 7.2903 yuan on the offshore market at the start of trading, but rose by

The Australian and New Zealand dollars were looking to end a tumultuous week with significant gains on a crumbling US dollar, as damage to investor confidence caused by the chaos around customs tariffs triggered an exodus of American assets. The New Zealand dollar was up at $0.5775, which, if maintained, would give it a weekly rise of 3.2%. However, neither currency fared as well against the main safe havens, losing ground against the yen, the euro and the Swiss franc.

The Indian rupee jumped on Friday, following the gains of its Asian peers as the dollar fell to its lowest level in nearly two years, with traders expecting volatility to continue as concerns over tariffs keep markets on edge.