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Investors Head Toward Short-Term, Safe Assets amid Brexit Crisis

Investors Head Toward Short-Term, Safe Assets amid Brexit Crisis

SEOUL, June 27 (Korea Bizwire) – Local investors are increasingly beginning to lean toward the U.S. dollar and other safer assets, such as short-term deposits, market data showed Monday, following Britain’s unprecedented vote to quit the European Union (EU) that has apparently left long-term commitments riskier, as well as unattractive, amid record low interest rates.  [...]