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US Dollar Climbs as Traders Seek Safe Havens After Attack in Israel
The dollar climbed against its major peers in early trading on Monday as currency traders got their first chance to react to a shock attack by Hamas within Israel. The greenback — long regarded as a haven in times of trouble — rose versus the euro and pound as trading began in Sydney, while riskier currencies including its Australian counterpart slipped. The yen — another favored refuge for investors — rallied. Instability in the Middle East has the potential to add another leg to the dollar’s already stellar performance in recent months. That rally has put pressure on Japan’s yen, prompting talk of ... (full story)
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