what to trade when usd is bought as safe haven, page-3

You are right in saying that the USD is a safe haven currency along with the Japanese Yen at times. The problem with the recent political unrest in Egypt and the reason (IMO) why the USD has not had its traditional strengthening against the majors being GBP, EUR and AUD is partly due to the rising price of Crude oil (currently sitting at a two year high).

The protests in Egypt have the potential to affect world wide supply of oil and this concern has caused, for example commodity rich countries such as Australia, to rise against an already fragile USD. The problem also extends because there seems to be a general wide problem in the Middle East.

I suppose what i am getting at is this political unrest is different to say Greece’s debt problems where the USD strengthened against the majors. Different to the Portugal, Spain, Ireland issues which by the way I am not convinced have gone away.

Your right in saying the AUD is not the right one to select at the moment and as a general rule I stay away from it unless at extreme ends of a spectrum such as all time highs and because financing charges trading this are high to say the least!

At the moment I prefer short on EUR/USD or long on USD/JPY. Very rarely do I short anything against the JPY as I always have govt intervention in the back on my mind :)

All IMO of course.
Cheers