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Will the safe haven currencies continue their strong trends?


Jon Steeler

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Guest Sam Bouman

The last couple of weeks have been very good in particular for the Japanese yen and Swiss franc where they have both made some big gains.

This is down to a couple of factors both including the United States. Firstly the ongoing trade war between the US and China has been hurting global growth where other countries economies are being affected by the ripple affect of lower numbers of exports. Secondly the rising tensions in Iran are starting to increase further, this has caused concerns for investors with the worry that it could lead to military action. This has seen investors move their capital into safe haven assets like the currencies mentioned above.

However with the negotiations between the US and China looking like they will resume once more this has given some hope and there is the possibility that we could see a risk on scenario because of this, meaning the Swiss franc and Japanese yen will lose some of their value.

But don’t go investing into riskier assets just yet because the situation with Iran is forever increasing and the risk of military action is growing greater so for now I would say its a risk off environment.

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