What is a safe-haven (currency)?
‘Flight to safety’ and natty little phrases like it are bandied around frequently as a useful way of deflecting a question and as a means of not having to justify, at least at any micro level, what has caused a currency to move in a particular direction. Remember that FX dealers generally have no formal qualifications or ongoing regulatory oversight when it comes to whats in their heads. They are not chartered analysts and do not hold diplomas that grant them any authority wh