Risk Sentiment was hurt again overnight after Iran launched missile attacks on Iraqi bases housing US troops. Equities turned back down, while oil, gold and safe-haven currencies gained. The greenback was aided by the better-than-expected ISM non-manufacturing PMI for December. As for today, ahead of Friday’s official employment report for the month, USD-traders may pay some attention to the ADP report.
Equities Turn South, Oil and Gold Rally, as Iran Attacks US Bases in Iraq
The dollar traded higher against all but one of the other G10 currencies on Tuesday and during the Asian morning Wednesday. It gained the most against AUD, NOK, and SEK, while it eked out the least gains versus CHF and CAD. The currency against which the greenback underperformed was JPY.
The relative strength of the safe-havens JPY and CHF suggests that risk sentiment was hurt again at some point. Major EU bourses ended their trading mixed, while the...
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