REFILE-BUZZ-Trump tariff threats should support safer assets

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(Adds line with link) * Risk aversion stemming trade dispute may grow * Safe assets like CHF, JPY, EUR, USD and gold may attract * Dollar is go-to currency during a crisis - perhaps therefore a trade war * During a spat with ploys to gain advantage other safe assets may do better * The less invested in an asset the safe it is * $24 bln currently wagered on USD rising, traders short JPY, CHF and EUR * Number of bets on gold rising slashed - last lower in May when gold $2300 * Donald Trump by far most important factor to influence FX urn:newsml:reuters.com:*:nL2N3MX09R * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ gold and betting https://tmsnrt.rs/3Va3Jh3 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))
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Published Date
26 Nov 2024 at 5:52 PM
Publisher
Refinitiv
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