The foreign exchange market is experiencing increased volatility, with investors flocking to safe-haven currencies

According to Jin Shi reports, the foreign exchange market saw increased volatility on Friday as the stock market faced sell-offs, prompting investors to flock to safe-haven assets. The UK's budget proposal this month will not raise income tax, which has pressured the pound. Traders believe that the likelihood of the Federal Reserve cutting interest rates in December is much lower than expectations a few weeks ago, leading to a sell-off of highly valued U.S. stocks and government bonds, with funds flowing into the Swiss franc and Japanese yen. The latest market data shows that the dollar has fallen 0.5% against the Swiss franc and 0.5% against the Japanese yen.