Investors are drawn to the Swiss franc in times of financial turmoil as a safe haven, and because of the central bank’s conservative reputation on monetary policy.
Japan has also intervened in currency markets in an effort to force the yen lower against the dollar. However, yen ETFs have continued to gain ground despite the moves. [Japanese Yen ETF Shakes Off Intervention]
CurrencyShares Swiss Franc Trust
Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.
