The Swiss franc rallied hard against the euro and the U.S. dollar on Wednesday, as increased tensions between the United States and North Korea led investors to look for assets deemed as less risky.
The Swiss franc was on pace for one of the largest single-day jumps against the euro since the Swiss National Bank removed its cap on the currency in January 2015. The greenback was last unchanged against the franc, after facing its worst drop in more than six weeks.
The dollar also slipped 0.10 percent lower against the yen to 109.95 yen.
The Swiss and Japanese currencies are often sought in times of geopolitical tension partly because the countries have big current account surpluses.