By Jonathan Watson

One sign of the fear and volatility out there in the global markets is the strength of certain asset classes that are seen as ‘safe havens’.

When investors are fearful they look for safe returns and places to invest that do not attract lots of risk. This is why during the global recession the antipodean currencies (New Zealand Dollar and Australian Dollar) have faired well. Their economies were not really affected and as investors poured money in the effects snowballed and the currency strengthened. This is also true of Gold, which has been trading at record highs, and the Swiss Franc.

The Swiss Franc is really benefitting right now both from speculative investment and economic investment. The country today boasted 0.8% GDP growth YoY from 2.6% to 3.4%.

All this positive news is making the Swiss Franc very attractive right now. My opinion is that as long as the uncertainty continues we will continue to see strength from not only the Swiss Franc, but also the US dollar and even the JPY.

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