{"id":425,"date":"2010-12-24T11:15:01","date_gmt":"2010-12-24T11:15:01","guid":{"rendered":"http:\/\/www.mycurrencytransfer.com\/blog\/?p=425"},"modified":"2010-12-29T02:36:58","modified_gmt":"2010-12-29T02:36:58","slug":"rational-fx-yen-and-swiss-franc-continue-growing-in-strength-24122010","status":"publish","type":"post","link":"https:\/\/www.mycurrencytransfer.com\/blog\/rational-fx-yen-and-swiss-franc-continue-growing-in-strength-24122010\/","title":{"rendered":"Rational FX: Yen and Swiss Franc continue growing in strength [24\/12\/2010]"},"content":{"rendered":"
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It is important to notice that the Yen and Swiss Franc has strengthened significantly over the last four weeks against all major pairings. Copper has also gained significant ground as well as gold, silver and other precious metals. All of these are seen as safe havens \u2013 however it is not right to say that investors are piling into safe havens because of just Europe and Korea\u2026 We have also seen negative figures from all the major economies, plus this Christmas we have has severely bad weather coupled with many Bank Holidays falling during the working week \u2013 this has prompted more people to not come into work and this has resulted in thin trading.<\/p>\n

Below are the main points, however we feel that they are currently of little relevance as mentioned previously there is very thin trading. We are more likely to see traders close positions and move funds into safe haven currencies until the New Year.<\/p>\n

Andrew Sentence, a BoE member is also openly indicating that we are likely to see a consecutive raise in interest rates sooner rather than later! This will have a positive impact on the UK Pound.<\/p>\n

Yesterday\u2019s Market Movers <\/strong><\/p>\n

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