“Assets like the U.S. dollar and gold are going to be, at the margin, larger recipients of the safe haven flows which are going around,” Richard Yetsenga, head of global markets research at Australia & New Zealand Banking Group Ltd. said in an interview on Bloomberg Television’s “On the Move” with Rishaad Salamat. “The fallout from this is not finished yet.”
The dollar traded at $1.1644 per euro as of 7:20 a.m. in London from $1.1633 yesterday, when it gained 1.3 percent and touched $1.1568, the strongest level since November 2003. It rose 0.3 percent to 116.53 yen, halting a five-day slide.