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The USD/CHF pair collapsed 120 pips, to a fresh 10-day low, at 0.9610 as the increased safe-haven demand due to rising geopolitical concerns allowed the CHF to gather strength against its peers.

The U.S. dollar slipped 1.06 percent to a near two-week low against the Swiss franc and fell to 109.94 yen. This is the lowest level in nearly two months against the Japanese currency.The warning came after U.S. President Donald Trump told North Korea that any threat it presented to the United States would be met with "fire and fury."
The Swiss franc was on pace for its biggest single-day rise against the euro since the Swiss National Bank removed its cap on the currency in January 2015.

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