Monday, 25 May 2020
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Dollar falls as oil attacks send investors to safety
Monday, 16 September 2019 08:12 WIB | CURRENCIES |DOLLAR Indeks DolarDolar AS

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions.

Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply.

Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S. has pointed the finger directly at Iran.

The safe-haven Japanese yen and Swiss franc each lifted at least 0.3% on the dollar. The yen hit 107.60 per dollar and the franc touched $0.9871. Gold jumped by 1%.

Against a basket of currencies (DXY) the dollar was 0.2% lower at 98.053.

Source : Reuters

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