Dollar stumbles to nine week low against safe-haven yen as Mideast tensions flare
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.
U.S. officials told Reuters that strikes had been carried out against two targets linked to Iran in Baghdad. Oil prices jumped $2 a barrel.
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 harbor during times of global tensions given Japan’s status as the world’s largest creditor nation. A holiday in Tokyo also made for thin conditions, exaggerating the move.
The holiday meant cash Treasuries were not trading yet, but Treasury bond futures gained 7 ticks on the news implying a drop in U.S. yields.
Against a basket of currencies, the dollar slipped 0.1% to 96.732 but stayed above the recent six-month low around 96.355.
The dollar had got a lift overnight when dismal economic news from Europe and the UK weighed on the pound and euro.
Surveys showed British factory output fell in December at the fastest rate since 2012, while the German manufacturing sector stayed deep in contraction.
The pound was flat at $1.3140, after easing from a top of $1.3266 on Thursday. The euro stood at $1.1174, after backing away from major chart resistance around $1.1249.
An index of U.S. manufacturing activity due later is expected to show a slight uptick to 49.0 in December, from 48.1 the month before.
Figures out Thursday showed jobless claims edged lower last week in a positive signal for the U.S. labor market.
The resilience of employment is a major reason the Federal Reserve has signaled no more rate cuts will be needed in this cycle, leading markets to sharply scale back expectations of further policy easing.
Several Fed official are speaking on Friday including Governor Lael Brainard and the heads of the San Francisco, Chicago, Richmond and Dallas banks.
Analysts expect they will remain upbeat on the economic outlook and reiterate a steady outlook for rates.
The dollar had benefited from U.S. economic outperformance for much of 2019, though the recent easing in Sino-U.S. trade concerns has boosted optimism that this year could favor other major nations.
So far on Friday, there had been no repeat of the “flash crash” of Jan. 3 last year when massive stop-loss selling swept through an illiquid holiday-hit market.
Regulators have been on alert for any signs of strain and trade was thin but orderly.
Source: CNBC
Comments (69)
aralen retail price can i buy chloroquine over the counter hydroxychloroquinone
plaquenil cost
modafinil price goodrx modafinil
erectile vitimans https://pharmaceptica.com/
prednisolone acetate ophthalmic suspension prednisolone vs prednisone
modafinil drug test buy modafinil
modafinil otc buy provigil
trimethoprim side effects in elderly Sulfamethoxazole and alcohol
isotretinoin https://tretivaisotretinoin.com/
https://modafinilltop.com/ modafinil prescription online
isotretinoine accutane side effects
Trimethoprim 100mg bactrim
https://cialisvet.com/ tadalafil price walmart
My brother recommended I might like this blog.
He used to be totally right. This put up actually made
my day. You can not consider just how much time I had spent for this information! Thanks!
Actually no matter if someone doesn’t know after that its
up to other visitors that they will assist, so here it happens.
It is in point of fact a great and helpful piece of info.
I’m satisfied that you just shared this helpful info with us.
Please stay us informed like this. Thanks for sharing.
I know this web site presents quality dependent posts
and extra stuff, is there any other web page which offers these information in quality?
Asking questions are truly pleasant thing if you are not understanding something fully, except this post provides good
understanding yet.
I love your blog.. very nice colors & theme. Did you make this
website yourself or did you hire someone to do it for you?
Plz answer back as I’m looking to create my own blog and would like to
find out where u got this from. cheers
I don’t even know how I ended up here, but I thought this post was good.
I don’t know who you are but definitely you’re going to a famous blogger if you aren’t already 😉 Cheers!
This is very interesting, You are a very skilled blogger.
I’ve joined your feed and look forward to seeking more of your excellent post.
Also, I’ve shared your web site in my social networks!
It is the best time to make a few plans for the long run and
it is time to be happy. I’ve read this put up and if I could I
wish to suggest you some attention-grabbing
issues or advice. Perhaps you can write next articles relating to this article.
I want to learn even more things approximately it!
Wonderful blog! I found it while searching on Yahoo News.
Do you have any tips on how to get listed in Yahoo News?
I’ve been trying for a while but I never seem to get there!
Cheers
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/dollar-stumbles-to-nine-week-low-against-safe-haven-yen-as-mideast-tensions-flare/ […]
Howdy! This is my first comment here so I just wanted to give a quick
shout out and say I really enjoy reading through your blog posts.
Can you suggest any other blogs/websites/forums that go over the same subjects?
Many thanks!
It’s very simple to find out any topic on net as compared to textbooks, as I found this paragraph at
this site.
You are so interesting! I don’t believe I’ve read anything
like this before. So nice to find somebody with original
thoughts on this issue. Seriously.. many thanks
for starting this up. This website is one thing that’s needed on the internet, someone
with a little originality!
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/dollar-stumbles-to-nine-week-low-against-safe-haven-yen-as-mideast-tensions-flare/ […]
I read this post completely regarding the comparison of newest and earlier technologies, it’s amazing article.
Hi, i think that i saw you visited my blog thus i came to “return the favor”.I’m trying to find
things to enhance my website!I suppose its ok to use a few
of your ideas!!
My web-site … special
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/dollar-stumbles-to-nine-week-low-against-safe-haven-yen-as-mideast-tensions-flare/ […]
These are really wonderful ideas in concerning blogging.
You have touched some pleasant factors here.
Any way keep up wrinting.
Check out my webpage – special
It is a pleasure to read this weblog, thanks to its up-to-date information and interesting posts. Look into my web page xrank.cyou for some really good points and find out more about Search Engine Optimization.
cialis 20mg But after all the defense facilities were built, the magic power of the is furosemide a sulfa drug three ancient elves trees would last for a month and a half at most, The best exercise to lower blood pressure Layton Kingdom really lived up to the prestige of is furosemide a sulfa drug the No, 1 power in the Holy Alliance, and it took only two days to gather 25, 000 troops
120mg accutane accutane purchase
buy accutane 40 mg buy accutane online cost of accutane in canada
Dealing with acne? Find out how Accutane for acne can help improve your skin.
cheap accutane online accutane coupon accutane online cheap
buy accutane in the us where can i get accutane
where to buy cheap accutane accutane 10 mg discount
how much is accutane generic pharmacy accutane roaccutane without a prescription
buy accutane online yahoo answers accutane medicine order accutane from canada
accutane prescription cost uk isotretinoin for acne how do i get accutane
When was Accutane released or introduced in the market? https://isotretinoinex.website/
accutane buy online us price of accutane in south africa how to buy accutane in uk
accutane prices uk accutane 10 mg discount
What are the common side effects of using Accutane? https://isotretinoinex.website/
accutane prescription coupon cheap accutane singapore
What is the recommended daily dosage of Accutane if it is 20 milligrams? https://isotretinoinex.website/
accutane cost canada accutane over the counter isotretinoin for acne
buy meclizine 25 mg pills
meclizine 25mg drug
buy meclizine 25 mg generic
meclizine 25mg canada
order meclizine online
buy antivert 25 mg generic
meclizine 25 mg ca
antivert 25mg us
buy meclizine online cheap
brand antivert
buy meclizine 25 mg generic
order meclizine 25mg pill
buy antivert 25 mg online cheap
cheap meclizine 25mg
antivert 25mg cost
buy antivert 25 mg pill
antivert 25mg pills
buy meclizine
I am currently writing a paper and a bug appeared in the paper. I found what I wanted from your article. Thank you very much. Your article gave me a lot of inspiration. But hope you can explain your point in more detail because I have some questions, thank you. 20bet