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View Full Version : Yen Safest Currency, Bank of Tokyo Says; NZ Fewest Refuge Characteristics - Bloomberg



NewsWhore
10-20-2011, 07:40 PM
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Yen Safest Currency, Bank of Tokyo Says; NZ Fewest Refuge Characteristics (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE33VGyEeXPBqwYEYTBx1IuyekAlw&url=http://www.bloomberg.com/news/2011-10-20/yen-safest-currency-bank-of-tokyo-says-nz-fewest-refuge-characteristics.html)
Bloomberg
New Zealand&#39;s currency had the fewest refuge characteristics, the bank said. “Historically, the yen has the strongest positive correlation with rising risk aversion, while the Japanese economy is surprisingly closed, leaving it less exposed to swings ...

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