US stock markets rally as White House says there is ‘great optimism’ in the economy – as it happened

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The US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.

The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.

There has been a pronounced sell US' vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid.