The U.S. dollar came under pressure this year amid expectations of a pivot by the Federal Reserve, and the greenback is at risk of losing its safe-haven appeal, said an economist late Wednesday.
What Happened: The Swiss franc, a currency considered a safe haven along with the dollar and the yen, is poised to record its biggest annual gain since 2010, given its 10% advance so far this year, said economist Peter Schiff in a post on X, formerly Twitter.
A safe-haven bet is a financial asset that will retain its value or even appreciate during downturns or inclement conditions.
“I think it ...