At a time when risky assets including stocks, commodities, junk bonds and emerging-market currencies are rallying to multi-month highs, so are the havens, from gold, government bonds to the Swiss franc and the Japanese yen.No matter that the U.S. labor market is deteriorating and the World Bank has just cut its estimates for … More Euphoric market’s , everything’s a buy . .
The U.S. dollar weakened Wednesday to its lowest level in a month as rising oil prices supported currencies of commodity exporters and deteriorating expectations for a summer interest-rate hike drained some of the greenback’s vitality. This boosted the currencies of major oil exporters. The Canadian dollar CAD/USD, +0.0788% rose to 78.74 U.S. cents late Wednesday … More Equities continue to advance . .