Non-core currencies offer safe haven from Eurozone woes

A safe bet

A safe bet: investors are seeking exposure to non-core currencies

In the developed world, post-crisis fears have driven many investors to opt for what they perceive as safe havens, notably US Treasuries and German Bunds. This was not simply a flight to quality, as it was sometimes labelled; rather it was liquidity that many investors were seeking. To that end, only established and deep sovereign bond markets like the US, Germany and the UK could provide the kind of liquidity investors wanted. While none of these countries could offer either enviable public deb

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