Posts
While the world market bloodbaths unfold...it's interesting to see where some investors are going.
They consider currencies...not bonds...as the safe havens.
The usual currency suspects...Switzerland and Japan...are now losing favor...as they begin to massively intervene and buy usd to help their exports.
The up and comers...are now Norway, Australia and New Zealand.
Suddenly depressed oil prices have hurt Brasil and Canada.
"You want to stay away from the euro and dollar because this is really an ugly pair and there are alternatives,” says one trader.
“It’s a kind of ugly-dog competition and it’s not really that you prefer a currency, it’s just which one is under less pressure at a particular time,” observes a global strategist.
