Forex safe haven currencies

Posted: Skar On: 09.06.2017

NEW YORK, May 17 The dollar fell to its lowest level against the yen since May 1 and hit a six-month low against the Swiss franc on Wednesday as talk that U. President Donald Trump could face the threat of impeachment boosted safe-haven assets.

Safe Haven Currencies | Rhino Report

The dollar index, which tracks the U. News emerged on Tuesday that Trump had asked his now-dismissed FBI chief James Comey to end the agency's investigation into ties between former White House national security adviser Michael Flynn and Russia. That raised questions about whether Trump tried to interfere with a federal investigation, spurring speculation over the likelihood of an early exit from office for the former businessman.

The dollar fell by as much as 1.

While Wednesday's price action showed traders were losing faith in Trump's ability to push through his campaign trail promises of tax reform and fiscal stimulus, there was limited expectation that he would realistically face impeachment. Analysts also said the market was losing some faith in the likelihood of the Federal Reserve raising U.

Traders once again seeking out safe haven currencies

Higher rates make a country's currency more attractive to investors. Fed fund futures showed the market was pricing in a 69 percent chance of a June hike, down from a more than 80 percent chance a week ago, according to the CME Group's FedWatch Tool. It fell 1 percent against the yen as investors locked in gains after the euro reached a month high of Reporting by Dion Rabouin; Additional reporting by Ritvik Carvalho in London; Editing by Meredith Mazzilli.

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