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Analysis-Swiss franc shines as investors scramble for safe assets By Naomi Rovnick and John Revill LONDON/ZURICH (Reuters) – The potential for the Israel-Hamas conflict to worsen and poor corporate earnings have sent investors scrambling for safety with few havens left, as high-for-longer U.S. rate expectations batter government bonds and the yen. Enter the Swiss franc, […]
The potential for the Israel-Hamas conflict to worsen and poor corporate earnings have sent investors scrambling for safety with few havens left, as high-for-longer U.S. rate expectations batter government bonds and the yen. Enter the Swiss franc, a longstanding safe haven asset thatjust hit its highest level against the euro since 2015, standing tall as its traditional rivals lose appeal. "Markets are caught between a rock and a hard place, with a surge in risk aversion where bonds provide no protection," said Florian Ielpo, head of macro at Lombard Odier Investment Managers in Ge...
The potential for the Israel-Hamas conflict to worsen and poor corporate earnings have sent investors scrambling for safety with few havens left, as high-for-longer U.S. rate expectations batter...
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The longstanding safe haven asset is standing tall as its traditional rivals lose appeal
Antoine Martin, an official at the New York Federal Reserve, will become the Swiss National Bank’s (SNB) newest interest-rate setter next year.