US recap: Dollar rises as Iran missile strikes fuel havens
Adds bullets with links
USD/JPY slips amid surging haven demand and higher oil
AUD/USD-Bid for safe-havens gives bears some traction
Oct 1 (Reuters) -The dollar rose broadly on demand for haven assets after Iran fired rounds of ballistic missiles at Israel Tuesday.
Treasury prices were further supported by a soft U.S. ISM manufacturing survey that showed inflation pressures easing.
U.S. dockworkers began a strike on Tuesday.
The euro slid to its lowest level in more than two weeks following a report that euro zone inflation fell below 2%.
Swiss National Bank head Martin Schlegel said the central bank cannot rule out negative interest rates at the moment.
Currency volatilities were broadly higher amid Middle East tensions with yen implieds nearing early-August levels.
Treasury yields were down 2-6 basis points, the 2s-10s curve was down about 2 basis points to +12.5bp.
The S&P 500 fell 0.73% amid less investor appetite for risk.
Gold rose 1.10% on haven-related buying.
Oil prices jumped over 3% following the Iranian missile strikes.
Copper edged up 0.35% in thin markets.
Heading toward the close: EUR/USD -0.62%, USD/JPY +0.17%, GBP/USD -0.76%, AUD/USD -0.34%, DXY +0.49%, EUR/JPY -0.45%, GBP/JPY -0.53%, AUD/JPY -0.17%.
For more click on FXBUZ
Editing by Burton Frierson
Reporting by Robert Fullem
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
