Thought Leadership

Multicurrency Commentary 2nd Quarter 2011

July 21, 2011

We noted in our last commentary that the role of the Japanese Yen as a safe haven currency had largely been eclipsed by the Swiss franc.  In fact, in our March commentary, the “Changing World of Fixed Income and Currency Safe Havens”, we wrote that the G-7 currency intervention had likely set the high water market for the Yen against the dollar.  It appears that it has.