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The Unlikely Safe Havens.(International Edition; CURRENCY FLIGHT)(Currency markets)(Brief article)
Byline: Christian Caryl
Japanese stock markets have tanked this year. America is in the midst of its greatest financial crisis since the Great Depression. And Switzerland? Wait, isn't that the country whose GDP is outweighed by a single one of its now beleaguered banks?
Currency markets don't seem to be thinking quite that way. In recent weeks, investors have sent the value of the U.S. dollar, the Japanese yen and the Swiss franc soaring, but the boost is all relative. Swiss banks, ...
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