Safe-haven yen and Swiss franc gain as weekend Iran strikes unnerve marketsMarket Reactions to Iran Strikes and Safe-Haven CurrenciesBy Alun JohnLONDON, March 1 (Reuters) - The safe-haven Swiss franc and Japanese yen firmed, while the euro slid as trading resumed after a weekend that saw the United States and Israel launch their most ambitious attacks on Iran in decades, killing Supreme Leader Ayatollah Ali Khamenei. It fell 0.6% on the Swiss franc to 0.90391, its lowest since 2015. The dollar was a touch lower versus the Japanese yen at 155.85 yen and was last down 0.3% against the Swiss franc. Possible Scenarios"We see two scenarios: first, contained disruptions to global energy markets, with limited implications for the world economy. "This would argue for oil at least 10 dollars higher, with the Swiss franc in particular working as a safe haven – the Japanese yen is also likely to benefit."

Source: The Guardian March 01, 2026 18:21 UTC