The Swiss franc underperformed its Group-of-10 peers after President Donald Trump announced a 39% tariff on the nation's products while setting a 10% global minimum rate.
USD/CHF rose 0.2% to 0.8135. The latest tariff on Switzerland was higher than the 31% rate Trump initially threatened to impose in April when he unveiled duties on dozens of trading partners
The Bloomberg Dollar Spot Index inched up 0.1% to the highest level since late May
The downside for the Swiss franc may be limited as that greenback tends to weaken whenever Trump raises tariffs and as Switzerland's currency is considered a safe haven, said Mingze Wu, a currency trader at StoneX Financial
USD/CAD briefly rose 0.1% before turning little changed at 1.3860
Trump said the US will impose a 35% tariff on some imports from Canada after trade negotiations between the two countries broke down. The new rate represents an increase from the 25% tariffs Trump imposed in early March under an emergency law
USD/JPY inched up 0.1% to 150.89
AUD/USD rose 0.2% to 0.6436
EUR/USD slipped 0.1% to 1.1406
Source: Bloomberg
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