Friday, 10 June 2016

XE Market Analysis: Brexit Fears Spread; Yen & Swiss Franc Become Havens

OVERVIEW

  • Investors are becoming increasingly worried about the global outlook should the UK vote to leave the EU.
  • The Japanese Yen and Swiss Franc are only two of a handful of currencies that are higher against the US Dollar.
  • The cost of protecting against swings in the Sterling have risen to a fresh 7-year high. 
  • Germany's Finance Minister said, "It would be a miracle if Britain quitting (the EU) does not have any economic disadvantages."
  • The Canadian Dollar is weaker as oil prices continue their move lower.


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