CHF – The Safe Haven of choice for the savvy investor
The US dollar is usually the investors destination of choice if you looking to put your money into a safe haven currency. It is also offers reasonable returns due to the favorable interest rate. The Federal Reserve could well raise rates shortly according to popular opinion, with the next FED interest rate decision due on 13th December. The hike could well be factored into to current rates as the market moves on rumour as well as fact.
This week however there is expected to be high volatility in any currency pair involving the green back. President Trump wishes to implement a $1.4tn package of tax cuts for individuals and businesses. Trumps intention is to get the cuts signed off by the end of the year, which many believe to unrealistic. Senate Republic members are aiming to put a vote forward as early as Thursday which means negotiations will be intense and could continue through the night. Democrats are expected to attempt to delay proceedings and they could get their way due to the unrealistic time scale.
Ron Johnson, Wisconsin Republican Senator has indicated he will not support the tax cuts as it would give a tax advantage to corporations. A cut from 35% to 20% is being put on the table.
The uncertainty surrounding these negotiations will no doubt cause investors to leave the US dollar in search of higher safety. there is really only one choice for the informed investor and that is the Swiss Franc. This could cause potential spikes for the Swiss Franc against the majority of major currencies.
During such unpredictable times you need an experienced broker on board if you wish to maximise your return. If you have a pending currency transfer let me know the details of your trade I will endeavor to assist. There is no obligation to trade by asking for my help, I will provide a free trading strategy to suit your individual needs. If you do wish to try our service you can trade in the knowledge we are a no risk entity, as we do not speculate. Foreign Currency Direct PLC has been in business for over 16yrs and we are registered with the FCA. If you already use a provider I can perform a comparison within minutes and I am confident I will demonstrate a considerable saving. I can be contacted at [email protected].