The Dollar and Swiss Franc Surge as Safe‑Haven Assets Amid Geopolitical Turbulence
The U.S. dollar and the Swiss franc posted solid gains on Sunday, buoyed by their reputation as safe‑haven currencies in a climate of heightened geopolitical instability.
| Currency | Change vs. Euro | Rate (per €) |
|---|---|---|
| U.S. dollar | +0.37 % | 1.1768 USD |
| U.S. dollar vs. GBP | +0.54 % | 1.3409 USD |
| Swiss franc | +0.57 % | 0.9034 CHF |
- The foreign‑exchange market reopened at 18:00 GMT after its weekly pause, marking the first sizable reaction from investors in this tense environment.
- Oil and gold quotes are scheduled to resume at 23:00 GMT on Sunday.
Outlook
Analysts expect a strong rally across major asset classes:
- Gold could reaffirm its safe‑haven status and climb toward historic highs, potentially breaching $5,500 per ounce (≈ 31.1 g).
- Asian equity markets will open from 01:30 GMT, followed by European exchanges, and later by Wall Street later in the day.
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Source: La Presse (23 Feb 2026)
