Morgan Stanley stated that the Swiss Franc is the safest haven currency that most resembles gold and is expected to soar 17% against the US Dollar.
Morgan Stanley strategist stated that, in the face of uncertainty over U.S. policies, with the market's confidence increasing in the Swiss franc as a safe haven currency, the Swiss franc could rise by as much as 17% against the U.S. dollar. Strategist led by David Adams wrote in a report that Switzerland's low inflation, fiscal stability, and asset security make the Swiss franc "arguably the most 'gold-like' safe haven currency."
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