This past week has been strong for the U.S. Dollar Index DXY — its best since October 2022, in fact. It’s a far cry from the first half of this year, when the index lost almost 11% — the worst first-half return on record since the index was created in the early 1970s.

The blue-chip Swiss market index opened 1.8% lower on Monday, the first day of trading after President Donald Trump stunned Switzerland with a 39% tariff rate on its exports to the United States. Francis Maguire reports.