Wall Street Turns to ‘Haven-First’ Strategy Amid Iran Crisis
Macro traders said all eyes will be on energy markets when trading fully re-opens on Monday. Traders sought haven assets in early trading in Asia, with the US dollar surging and Swiss franc edging higher against major peers while the yen was little changed. The possibility of prolonged turmoil in the Middle East and the ripple effects of higher oil prices are giving money managers fresh reasons to sell equities and shift into safety.
