The Dow Jones Industrial Average fell on Tuesday as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses, people familiar with the matter told CNBC. The glasses, code-named 'Orion,' are being...Technologyread more
As Netflix's rivals prep for their own streaming service launches, and snatch up content belonging to their own networks, Netflix could soon face a dry well when it comes to...Entertainmentread more
"There's a huge reorganization going on in China regarding fentanyl to try to shut it down," Blackstone co-founder Stephen Schwarzman says.Health and Scienceread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
The fine against Carmene "Zsa Zsa" DePaolo was the maximum possible civil penalty that she faced under the Hatch Act for her comments about Hillary Clinton's immigration plan...Politicsread more
Sen. Elizabeth Warren has called on lobbyists to be banned from donating and fundraising for their preferred campaigns. Her new plan represents the latest shift for Warren who...2020 Electionsread more
Half of Saudi Arabia's crude production cut during Saturday's attack has been restored in the past two days, the kingdom's energy minister said Tuesday.Oilread more
General Motors stands to lose hundreds of millions of dollars in lost production as a United Auto Workers union strike against the automaker enters its second day, but Wall...Autosread more
"The CHF (Swiss franc) along with the are widely considered the usual safe-haven currencies. However, given geographical proximately I would expect the JPY to be most sensitive to issues regarding North Korea," Jane Foley, head of forex strategy at Rabobank, told CNBC Wednesday.
In fact, the rose 1 percent against the dollar on Wednesday morning, as investors looked for safe options after North Korea said it was "carefully examining" a plan to strike Guam, where a U.S. military base is located.
Timothy Graf, head of macro strategy at State Street Global Markets, also cautioned against potential impacts on the Japanese currency, but he still believed it is probably the first option when searching for safety.
"Of course Japan is in the region so there are questions as to is that the one (currency) you want to buy ... I still think it probably is in the sense that it has all the characteristics from a safe-haven currency," Graf said, mentioning a fair value in the currency.
The yen was 0.5 percent up against the U.S. dollar in early morning trade in Europe on Wednesday.
"The Swiss franc you have to throw it in there as well, especially given it has cheapened considerably over the last month," he added.
Some hedge funds had shortened their positions on the Swiss franc for the past few weeks to invest in European assets. This was due to strong economic data coming in from Europe, which attracted investors' appetite.
Meanwhile, the euro might be the surprise winner from this debate about currency trading. Graf mentioned it as the third possible investment option. "The euro probably maintains some stability given its strong surplus position and relative cheapness," he said. A high current account surplus can allow more room for investments.
The euro was slightly lower against the dollar on Wednesday.
"If things got truly dire, the dollar is going to come back into favor," Graf also added.