Safe Haven Currencies Rally as Trump Escalates Tra…

From Barchart: 2025-04-10 03:59:00

Traders flock to safe havens as Trump escalates trade war with China, boosting JPY and CHF while gold prices rise. U.S. Treasury bonds gain, pushing yields lower. Aussie and Kiwi initially drop on China exposure but rebound with equities.

Trump halts tariffs for 90 days on most countries after one day of enforcement, excluding China. “Liberation Day” tariffs for trade reciprocity shelved, impacting U.S. international reputation, according to ANZ analysts.

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