Safe-haven currencies like the Japanese yen jumped to their\nhighest levels in months in the early hours of Friday’s trading after US air\nstrikes on Baghdad airport killed a senior Iranian military official, fueling\ntensions in the Middle East.<\/p>\n\n\n\n
US Treasury bonds, oil and gold prices rose after the\nannouncement that Iranian Major General Qassim Soleimani and Iraqi militia\ncommander Abu Mahdi Al-Muhandis were killed in\nthe attack. The Pentagon confirmed the strike, saying Soleimani was actively\nworking to develop plans to attack Americans in Iraq and the Middle East.<\/p>\n\n\n\n
The Japanese yen hit a two-month high when it reached 107.92\nagainst the US dollar, the last rise of 0.5% during the day. The Japanese yen\nis often seen as a safe haven against economic market risks, given Japan’s\nposition as the world’s largest creditor country. Also, the holiday period in\nJapanese markets helped to drive up the Japanese yen in light of these market\nrisks.<\/p>\n\n\n\n
The Swiss Franc, another safe-haven currency, rose to a\nfour-month high against the euro to 1.0824. The US dollar also hit a one-week\nhigh against the euro.<\/p>\n\n\n\n
US government bond yields for 10 years fell to a three-week\nlow of 1.814%, after hitting 1.946% the day before. It is worth noting here\nthat bond prices rise with lower returns.<\/p>\n\n\n\n
Jerry Street, head of\ncurrencies at CIBC, said the decline in US yields showed a reflection of the\noptimism seen on Thursday. He said that market participants now calculate the\nrisk of reprisals from the Iranian side. “We are\nstill waiting and watching to see if there will be a (reaction) suggested by\nthe headlines.”<\/p>\n\n\n\n
The strong US dollar rose against the British pound by 0.2%,\nbringing the price of the pair to 1.3117 dollars per British pound, and the\ndollar fell on the other hand against the euro by 0.1%, and the price of the\npair reached 85.10.<\/p>\n\n\n\n
Traders will be watching for preliminary German inflation\nfigures for December, as economists polled by Reuters expect annual inflation\nto rise to 1.4% from 1.1% the previous month. Initial data in France showed\nthat inflation exceeded market expectations, rising to 1.6% from 1.2%. Opinion\npolls expected an increase of 1.4%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Safe-haven currencies like the Japanese yen jumped to their highest levels in months in the early hours of Friday’s trading after US air strikes on Baghdad airport killed a senior Iranian military official, fueling tensions […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[49],"tags":[93,17,28,27,52,69,50,77,105,36,34,145,114,25,26,29,48,24,78,131,44,109,121,81,115],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1553"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1553"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1553\/revisions"}],"predecessor-version":[{"id":1555,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1553\/revisions\/1555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1554"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}