Although EU and US indices rallied in their first trading day of the new year, Asian bourses turned south overnight following US airstrikes in Iraq, resulting in the killing of an Iranian and an Iraqi top military commanders. The safe-haven yen surged, while oil prices rallied on concerns of supply disruptions.
INVESTORS ABANDON RISK ASSETS AFTER US STRIKES IN IRAQ
The dollar traded higher against most of the other G10 currencies on Thursday and during the Asian morning Friday. It gained against NZD, GBP, AUD, EUR, SEK and NOK in that order, while it underperformed against JPY. The greenback was found virtually unchanged versus CAD and CHF.
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