Haven Rush, ‘Trump Trades’ on Investor Minds After Shooting
- Traders are bracing for a volatile open for markets on Monday
- Uncertainty would burnish appeal of US dollar, yen and gold
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Investors will initially favor traditional haven assets and perhaps lean into trades most linked to former President Donald Trump’s chances of winning the White House after he survived an assassination attempt, according to market watchers.
Currencies begin trading at 5 a.m. in Sydney when the US dollar could get a boost, along with other refuges from market volatility like Japan’s beleagured yen, the Swiss franc and gold. Bitcoin rose above $60,000 in the wake of the attack.