I was on Bloomberg Television on Wed afternoon talking about Safe Haven Currencies
I was on the Business News Network an hour ago talking about Korea, Ireland and other factors impacting currencies. Click on the image to access the video from BNN.
Less than a week after increasing monetary stimulus, comments from Fed officials suggest that the central bank is doubting the effectiveness of their latest policy action. At the same time, there are fresh worries in Europe that has caused investors to flock into safe haven currencies. Although the dollar is benefiting from risk aversion flows, the two biggest beneficiaries has and will continue to be the Japanese Yen and Swiss Franc. EUR/CHF has seen a nice sell-off over the past few trading days and there is a good chance the selling will continue with a possible move down to 1.33.