The New Zealand Dollar and the Swiss France cross is a currency that offers an alternative risk play. The New Zealand Dollar is known as a risk-correlated currency because of the mix of high interest rates and exposure to global economic performance. The Swiss Franc is known as a safe haven currency because liquidity tends to move away from the Euro-zone and into Switzerland during times of economic uncertainty. However, the Franc sometimes moves in tandem with the Euro because the SNB established a floor in the EUR/CHF exchange rate at 1.20.
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