In an unprecedented market move, the U.S. dollar tumbled sharply last Friday as confidence in the U.S. economy waned. Investors swiftly turned away from American assets in favor of safe havens such as the Swiss franc, Japanese yen, the euro, and gold. Notably, the yellow metal reached an all-time record high, while the Swiss franc soared to a level unseen in over a decade. This swift reshuffling of global capital underscores profound structural changes and calls for a fresh analytical approach to the evolving financial landscape.

On Monday, the Japanese yen and Swiss franc strengthened against major currencies amidst a massive sell-off in technology stocks. This movement came as markets assessed the impact of a new open-source artificial intelligence model launched by the Chinese startup DeepSeek.