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Safe-Haven Currencies Pull Back as Geopolitical Tensions Ease
Tuesday, 7 January 2020 16:05 WIB | CURRENCIES |franc, YenDOLLAR

The Japanese yen and Swiss franc pulled back from recent highs on Tuesday as investors became less anxious about the chances of an all-out conflict between the United States and Iran.

The yen fell from a three-month high versus the dollar, although sentiment remains fragile due to continued worries about armed conflict between the U.S. and Iran.

The yen was last at 108.33 yen per dollar, some way from its high on Monday of 107.77.

The Swiss franc weakened 0.2% versus the dollar to $0.9696 and stood at 1.0839 francs per euro, unchanged on the day. Against a basket of currencies the dollar index firmed 0.1% to 96.772 .

Source : Reuters

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