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Safe haven Euro


Jon Steeler

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It seems it is now a safe haven currency due to its low interest rates and it being used as a funding trade. 

We have seen this in the recent selling of risk assets. The euro was flying high with the EURGBP trading around the 0.87 level and the EURUSD reaching a high of around 1.11. 

I think going forward in times of risk off, we now have to consider the euro as a safe haven and look for buying opportunities. 

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