Remember when SARS, the bird flu, sent the entire world into a panic? Something similar is happening right now with swine flu. And swine flu is affecting the financial markets as well right now. Thanks to swine flu, there are hiccups in the following markets:
- Currencies: Swine flu is affecting the desirability of Mexican assets. However, the U.S. dollar is also being affected. Swine flu is in the U.S. — including cases in New York — and that has people wondering if maybe the greenback is such a good choice as a safe haven after all.
- Stocks: As the swine flu causes concerns about global trade, stock markets around the world are down. Travel stocks are especially hard hit, since tourism is expected to suffer on swine flu scares. Pharma companies, however, are on the rise.
Chances are that you probably won’t be affected by swine flu. However, if you do become sick, it could mean a decrease in income as you miss hours, and can mean an increase in insurance premiums when you see the doctor. You can protect yourself from swine flu by washing your hands frequently, and keeping your hands away from your face. Swine flu is very similar to the regular flu, and is being treated accordingly. You can find out more about swine flu by visiting the Centers for Disease Control Web site.