Safe Havens - Even the Yen - Rule
It's a bad day to hold risky currencies, but anyone who is long Swiss francs, or even yen, is sitting pretty right now. It's time for your FX Fix.
As Japan's crisis intensifies, the Swiss franc, the dollar, and even the yen are being lifted by traders' search for safe havens. [CNBC]
Nice while it lasted. The Canadian dollar is falling to multi-week lows after strengthening in recent weeks as traders shift to the least risky currencies. [RTT]
In other news, the initial glow is fading from the eurozone pact reached last weekend. [NYT]
Tune In: Beginning March 11th, CNBC's "Money in Motion Currency Trading" will air on Fridays at 5:30pm.
"Money in Motion Currency Trading" will repeat on Saturdays at 7pm.