The Swiss franc and Japanese yen both gained ground against the U.S. dollar as investors moved toward traditional safe-haven currencies following market turbulence sparked by Chinese artificial intelligence startup DeepSeek. The company's newly released AI model rattled U.S. technology stocks, prompting a broader risk-off sentiment across global markets. As equity valuations in the tech sector came under pressure, investors rotated into currencies historically associated with stability during periods of uncertainty. The dollar weakened relative to both the franc and the yen as the repricing of risk assets accelerated. DeepSeek's model drew significant attention for its reported capabilities, raising questions about the competitive positioning of established U.S. AI firms and the broader implications for technology investment. The currency movements reflect the market's interpretation of the DeepSeek development as a potentially disruptive event for U.S. tech dominance, translating macroeconomic uncertainty into foreign exchange dynamics. Source: The Wall Street Journal (https://www.wsj.com/articles/safe-haven-currencies-strengthen-amid-fears-over-global-tariffs-9964e17a?mod=rss_markets_main).