The frank warning from Switzerland on the dollar
If the US currency continues to slide with cuts in interest rates, countries will be forced to take action
If the US currency continues to slide with cuts in interest rates, countries will be forced to take action

Safe haven currency’s bull run triggers fears about impact on sales and profits

Surge in value of Swiss franc amid US-driven trade war and lagging inflation has complicated policymaking

Lender argues that proposals to significantly increase requirements have already cost investors $40bn

If you want to see how entrenched the US currency is in the global system, look at the foreign exchange swap market

Alpine currency at strongest level since 2015 shock appreciation, putting pressure on central bank

Swiss groups are involved in deals across sectors, defying currency moves and US tariffs