The Australian dollar plunges to its lowest level in five years, while the Chinese yuan hit its lowest level in two and a half months. The Indian rupee crashes on the NDF market. On the other hand, the yen and the Swiss franc are jumping

Struck by fears that a retaliatory global trade war could push the global economy into a recession, which prompted some traders to bet on disproportionate rate cuts in Australia, the Australian dollar plunged on Monday to its lowest level in five years.

Amid concerns that US tariffs could fuel an economic downturn, the Indian rupee weakened against the US dollar on the undeliverable futures market on Monday due to a strong risk aversion.

Par ailleurs, les investisseurs se sont They rushed into safe havens such as the yen and the Swiss franc on Monday and massively sold the risk-sensitive Australian dollar, while the rout of the market following the drastic tariffs of American President Donald Trump worsened and fears of a global recession have increased. The Swiss franc jumped more than 0.6% to 0.8548 per dollar, extending its 2.3% rise against the greenback last week. Both currencies emerged as big winners after Trump's latest round of tariffs, but others were not