Buying the Swiss franc may be the best hedge against the United Kingdom voting to quit the European Union, according to HSBC – but not everybody agrees.
Currency markets were off to a relatively quiet start on Monday, stabilizing after last week's wild swings.
The dollar was higher, after nearing a one-month low against a basket of major currencies.
As investors digested the ECB's new stimulus package, some are suggesting Draghi has shelved plans to drive the euro lower for the time being.
The euro rose to a three week-high against the dollar on Thursday, rallying from a six-week low.
The euro held firm on Wednesday in choppy trading as investors awaited an European Central Bank meeting.
Weak Chinese trade data stoked safe-haven demand for the yen on Tuesday.
The dollar index fell as big gains in oil prices rekindled demand for the euro and commodity-sensitive currencies.
The dollar hit one-week lows against the euro and fell against the yen after a drop in U.S. wages in February overshadowed strong jobs growth.
The U.S. dollar was set to post its biggest one-day percentage decline against the euro in more than three weeks.
The U.S. dollar dipped against the yen on Wednesday on concerns over U.S. economic growth but hit a more than one-month high against the euro.
The U.S. dollar rebounded against the yen and hit one-month highs against the euro on Tuesday.
The yen rose broadly on Monday as investors sought its safety following a statement from the Group of 20 countries.
John Chambers, Standard & Poor's, discusses how a U.K. exit from the European Union would likely impact Britain's credit rating, Europe and the U.S.
The dollar gained after generally upbeat U.S. data revived some expectations that the Fed could consider raising interest rates again this year.
The U.K. pound is set to end the week down more than 3 percent from when U.K. Prime Minister David Cameron set June 23 for the so-called Brexit referendum.
Gains in European stocks helped sterling and the dollar climb against safe-haven currencies like the yen on Thursday.
Richard Cochinos, Citi, shares his thoughts on the currency markets and how a U.K. exit from the E.U. will likely impact the European economy.
Sterling tumbled to a seven-year low on Wednesday on heightened fears of a possible British exit from the European Union.
The Futures Now team discusses Brexit fears and how the British pound hit a 7-year low.