economy
February 14, 2026
WHAT IS HAPPENING WITH THE EURO? Safe currencies are no longer safe: Why are the US dollar and Japanese yen weakening, and is the Swiss franc becoming the new financial haven?
Safe currencies are no longer safe: why are the US dollar and Japanese yen weakening, and is the Swiss franc becoming the new financial haven?

TL;DR
- The US dollar and Japanese yen, traditionally considered safe currencies, have experienced significant declines.
- The Swiss franc has strengthened, reaching an 11-year high, attracting capital due to political stability and low debt.
- The dollar's weakness is attributed to trade tariffs introduced in 2025 and rising national debt.
- The Japanese yen has fluctuated, weakening after the new prime minister announced an expansionary fiscal policy.
- The strong franc poses challenges for the Swiss economy, increasing deflationary pressures and hurting exporters.
- Analysts suggest the Swiss franc may be solidifying its position as the premier safe haven currency.
- The concept of a 'safe haven' is no longer absolute, as political decisions and global tensions impact traditional safe currencies.
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