Dollar stumbles to 9-week low against safe-haven yen


  • Forex
  • Friday, 03 Jan 2020

The dollar eased 0.46% to 108.07 yen following the news, breaching several layers of chart support and reaching its lowest since early November. The euro also dipped to a three-week low at 120.78 yen.The yen is often used as a safe harbour during times of global tensions

SYDNEY: The Japanese yen led other safe-haven assets higher on Friday after air strikes on Baghdad airport killed a senior Iranian military official, stoking tensions in the Middle East and lifting the price of oil.

U.S. Treasury bonds and gold rallied after an Iraqi militia spokesman told Reuters that Iranian Major-General Qassem Soleimani and Iraqi militia commander Abu Mahdi al-Muhandis were killed in the attack.

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