Investors Looking For Havens On North Korea Tensions 10-8-2017

After Spiking On North Korea Tensions CHF Eases Slightly. The Swiss franc eased versus the dollar on Thursday, but still held on to the bulk of hefty gains made the previous day as heightened tensions between the United States and North Korea sent investors looking for havens. The Swiss franc eased against dollar about 0.1 percent to 0.9645 per dollar, having surged about 1.1 percent on Wednesday.

Gold Inches Down From Near Two Month High. Gold prices edged lower early Thursday after reaching near two-month highs hit in the previous session as safe haven demand triggered by rising tensions between the United States and North Korea. We still believe that gold will break $1,300 in this particular rally coming up.

The RBNZ Kept OCR Unchanged. The RBNZ left rates unchanged at record lows of 1.75 percent and maintained its “on hold” guidance for monetary policy. Markets were primed for something slightly more dovish, so the NZD rose a third of a cent and the two-year swap rate rose two basis points.

By MEX Group Team

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