Giles Coghlan, chief currency analyst at HYCM, a forex broker, shares his take on currencies, cash, recovery, and oil.

Opalesque: You say the USD, the JPY and the CHF act as safe-haven currencies. Do you think that is likely to last?

Giles Coghlan: The typical reaction that we would expect in a risk-off environment, which we've seen due to the Covid-19