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The Japanese yen and Swiss franc have surged to multi-month highs against the U.S. dollar as fears of an economic slowdown in the United States intensify. This shift follows an unexpected decline in U.S. manufacturing, which has raised concerns about a potential downturn. As a result, Asian shares and U.S. Treasury yields have also declined, reflecting a broader risk-off sentiment in the markets. The rising demand for safe-haven currencies indicates investor anxiety regarding the stability of the U.S. economy, with attention now turning to upcoming U.S. jobs data for further insights.
Yen, Swiss franc near highs amid US slowdown fears; sterling swoons https://t.co/yj3LL9AJWr https://t.co/b7CWxJn3jP
Japanese yen and Swiss franc traded near multi-month highs against the dollar after an unexpected slump in US manufacturing fuelled fears of a downturn, sending stocks and bond yields tumbling. More details here ๐ https://t.co/uQlUYAr47q #US #Stocks #GlobalMarkets #Yen #Franc
๐ต STOCKS STUMBLE ON GROWTH FEARS WITH US JOBS DATA EYED Full Story โ https://t.co/VMcySsV9au Asian shares and U.S. Treasury yields slid while the Swiss franc and Japanese yen rose on safety bids on Friday after weaker-than-expected U.S. factory data sparked fears of aโฆ https://t.co/LlyonFjlbW