The Japanese yen's safe-haven status may be in jeopardy as rising import costs continue to eat into the country's current account, analysts say.
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Michael Woolfolk, MD & Senior Currency Strategist at BNY Mellon, says the dollar's safe-haven appeal continues to rise given continuing risks in emerging markets.
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Anxiety over a potential U.S. debt default has led some analysts to question whether the greenback's days as a global reserve currency are numbered.
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Simon Derrick, chief currency strategist at BNY Mellon, discusses how the U.S. dollar is likely to fare once tapering starts and advises buying the British pound against the American currency.
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Martin Tlapa, Deputy Minister, Ministry of Industry and Trade of the Czech Republic told CNBC.com in an interview in Prague that the "safe haven" label looks rather scary for a small, open economy that needs a stable exchange rate to function properly.
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The US dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000 billion, the FT reports.
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