Currency – The dollar retreats against the yen


© Reuters. The dollar retreats against the yen

Investing.com – The dollar has slipped lower as the yen on Monday as markets assessed the impact of the missile strike conducted by the United States against Syria Friday, but the losses were limited as the conflict heats up not.

The USD / JPY was down 0.15% to 107,23 at 03:31 AM (07:31 AM GMT), after having briefly increased to a higher daily 107,60.

The yen is often sought in times of turbulence and political tensions on the markets.

The losses of the dollar against the japanese currency were controlled by a relief that the missile strike on Syria may not have caused response of Russia, the main ally of Syria, but the markets remained on the alert for any sign of escalation of the conflict.

The dollar index, which measures the strength of the dollar against a basket of six major currencies, was down slightly to 89,47 after ending last week in decline of 0.31%.

The euro rose slightly, with the EUR / USD to 1,2335 after finishing little changed for the day of Friday.

The british pound remained stable, with the GBP / USD to 1,4246 after having reached heights of ten weeks on Friday on forecasts of a rate hike by the Bank of England as early as next month.

The australian dollar, sensitive to risk, remained unchanged, 0,7766, while the new zealand dollar was slightly lower, with NZD / USD down 0.12% to 0,7350.

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