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Safe Haven Currency

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Safe Haven Currency
A currency that investors trust more than others and which they therefore buy in times of uncertainty. Safe haven currencies are considered low risk because their issuing governments are stable and their economies tend to be strong, among other reasons. Examples of safe haven currencies include the U.S. dollar and the British pound.
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An array of largely unimpressive US economic data caused a fall on Wall Street as investors sought safety in the dollar, a traditional safe haven currency in times of distress.
Oil prices mixed as inventories stay high by AFP / AFP Global Edition
The dollar remained weak against the yen with the Japanese unit drawing buying as a safe haven currency after the World Health Organization Monday raised the alert level for swine flu to 4 from the previous 3 on a scale of 6, fueling concerns about the global economic outlook.
Dollar slides to lower 96 yen level amid fears over swine flu, GM by Japan Weekly Monitor
The dollar firmed against the euro and yen Monday, taking advantage of its safe haven currency status following news of a North Korean nuclear test.
Dollar gains in response to North Korean test by AFP / AFP Global Edition
 
 
 
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