Learn about safe haven currencies and how to use them to your advantage in forex trading
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Factors that actively undermine a currency’s safe-haven appeal should be considered by traders. One of these is that governments can intervene to stop a nation’s currency becoming too strong. An example of this is the Swiss Central Bank, which has on numerous occasions flooded the country’s market with Francs to protect exports.experiences a similar pattern; it tends to soar during periods of global risk-off sentiment.
However, in early 2018, following a plunge in US equities, the expected rush to buy Euros didn’t happen. It was business as usual for the Japanese Yen though, which did attract buyers.One example of CHF demonstrating its allure was 2011, when US Dollars and Euros poured into the Franc as nervous investors flocked for protection against the debt crises on either side of the Atlantic. This caused USD to slump against CHF from 0.9400 at the beginning of 2011 to 0.
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