BriefTea
Every story in sixty words
Get the free app no ads · no paywallExplained in plain English
What is a safe haven currency?
A safe haven currency is one investors flock to during times of global uncertainty, believing it will hold its value or even increase. The US dollar is often seen as a safe haven, so when there's geopolitical tension, investors buy dollars, strengthening its value.
Stories that explain this
Pound drops to a one-month low as oil prices hit $108Related explainers
What are Houthi attacks? Why is my holiday more expensive? Will my mortgage payments change? Why does oil affect the UK? Why gold is a global safe haven Safe haven currencies Is Arsenal's manager safe? Why be a reserve currency?The full catalogue
Browse every card filed under S →We would like to count visits and see which links bring readers here. That means storing a random ID in your browser. No cookies, no ads, no profile. How it works.