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Currencies: Dollar slides vs. Swiss franc as U.S.-North Korea discord prompts run to safety

The dollar fell sharply against the Swiss franc on Wednesday, with haven assets including Switzerland’s currency bid higher following a verbal clash between North Korea and U.S. President Donald Trump.

Flight-to-safety moves pushed up the value of classic assets perceived as safe, including the franc, the Japanese yen and gold prices after North Korean leader Kim Jong Un made an explicit threat to strike a U.S. military base in Guam.

His order, reported in state media, came hours after U.S. President Donald Trump warned Pyongyang not to “make any more threats” to the U.S., saying it would face a “fire and fury” response “like the world has never seen.

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