The turmoil propels the greenback higher following last week’s impressive US employment data.
SINGAPORE: The safe-haven dollar and Japanese yen edged higher on Monday as violence in the Middle East spooked markets, while a blowout US jobs report gave the greenback a further leg up.
Against the euro, the yen rose more than 0.3% to 157.55, while the Aussie fell roughly 0.7% at one point to hit a session-low of 94.84 yen.Risk sentiment was fragile after Israeli forces clashed with gunmen from the Palestinian group Hamas over the weekend, hours after the militants launched a surprise attack on Israel in the deadliest day of violence in the country for 50 years.
“Where some of these risk-aversion moves are going to play out in the space, the dollar will remain bid… the yen should start to see some more support coming in, but potentially, that’s more on the crosses.”The dollar index was last 0.11% higher at 106.21, drawing additional support from Friday’s data showing US employment increased by the most in eight months in September, potentially setting up for a higher-than-expected inflation print later this week.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US dollar, yen gain on flight to safety as Hamas attack rattles nervesSINGAPORE, Oct 9 — The safe-haven dollar and Japanese yen edged higher today as violence in the Middle East spooked markets, while a blowout US jobs report gave the greenback a...
Read more »
Iran calls Hamas attacks proof of Palestinians’ ‘confidence’It says today’s operation shows that the Zionist regime is more vulnerable than ever.
Read more »
Adviser to Iran supreme leader calls Hamas attack on Israel ‘proud’ operationTEHRAN: A senior adviser to Iran’s supreme leader Ayatollah Ali Khamenei expressed support for an attack Hamas launched against Israel on Saturday, ca...
Read more »
Hamas kills 40 in unprecedented, wide-ranging incursion into IsraelJERUSALEM: The ruling Hamas militant group in the Gaza Strip carried out an unprecedented attack on Israel at daybreak Saturday, firing thousands of rockets as dozens of fighters infiltrated the heavi
Read more »
Tentera Israel bertempur dengan pejuang Hamas di Semenanjung GazaTentera Israel bertempur dengan pejuang Hamas di Semenanjung Gaza
Read more »
Israel says it is at ‘war’ following Hamas rocketsOfficials say at least two people were killed in the air strikes this morning.
Read more »