Many traders and investors switched to
safe haven currencies such as the Japanese yen and Swiss franc in the run up to the referendum, leading to big shifts in the markets.
Not exact matches
In
such a case, the dollar would no longer be a
safe haven and traders could turn towards more resilient
currencies such as the British pound and the euro.
They consider a range of arguments for owning gold,
such as: (1) gold hedges inflation; (2) gold hedges
currency decline; (3) gold is attractive when other assets are not; (4) gold is a
safe haven in times of crisis; (5) gold is a de facto world
currency; and, (6) central banks and investors in aggregate are still underweighting gold.
Oddly, the Japanese yen is seen as a «
safe haven currency,» and as
such, it strengthened abruptly, hitting the share prices in their export sector where our Funds have notable exposure.
«Cryptocurrencies are seen as a
safe haven asset now from global macroeconomic events
such as
currency devaluation or even events like the «Brexit».»
While much of that money may initially be parked in more liquid assets like US Treasury bonds and
safe -
haven currencies such as the Swiss franc, there is growing evidence that foreign property sales may receive a boost.