US Dollar Emerges as Best Haven From American Government Shutdown Fears

 

• Yen, Swiss franc and gold are all dropping this month
• The bond rout is helping spur demand for the greenback

The greenback is once more proving it’s the only haven that matters.

Treasuries are cratering — and sending other bond markets down — as a looming shutdown underscores the potential that US fiscal profligacy will spur issuance. With the Federal Reserve determined to keep interest rates higher for longer, investors are finding few places to hide apart from the world’s reserve currency.

https://www.bloomberg.com/news/articles/2023-09-26/best-haven-from-us-shutdown-fears-looks-to-be-us-s-own-currency