YCL - The Role Of Safe Haven Currencies
2024-05-29 03:55:00 ET
Summary
- The U.S. dollar, Swiss franc, and Japanese yen are among the most commonly cited safe haven currencies.
- Understanding the role of these currencies, the reasons they are considered safe havens and their behavior during turbulent times is crucial for managing investment risk effectively.
- Investors expect a safe haven currency to retain or increase in value during times of market turmoil, making it a desirable option for those opposed to risk.
By Bob Iaccino
At A Glance
- Investors tend to look for countries with economic and financial stability when considering a currency’s safe haven status
- The U.S. dollar, Swiss franc, and Japanese yen are among the most commonly cited safe haven currencies