Swiss Franc Rises After Trump Vows Tariffs on European Countries -- Market Talk
Dow Jones01-19 16:01
0801 GMT - The Swiss franc rises as President Trump's threat to impose 10% tariffs against several European nations drives investors to safe-haven assets. Trump vowed to impose the tariffs by February 1 in his efforts to take control of Greenland from Denmark. The tariffs will be imposed on goods from the U.K., Norway and six EU countries that sent troops to Greenland for a military exercise. While there's demand for safe havens, there are "no signs of panic with the market clearly hoping an off-ramp will be found," Rabobank's Jane Foley says in a note. The euro falls 0.2% to 0.9293 Swiss francs after reaching a two-week low of 0.9268 overnight, LSEG data show. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
January 19, 2026 03:01 ET (08:01 GMT)
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