A wave of risk aversion swept over markets on Friday and sent the Australian and New Zealand dollars sharply lower, while the yen found support on safe-haven gains following media reports that explosions had occurred in Iran. The latest developments sparked greater concern over a widening of the Israeli-Hamas war in the Middle East, prompting a flight to safety as investors swept up typical safe-haven assets like the U.S. dollar and the yen, alongside U.S. Treasuries and gold. The risk-sensitive Australian dollar tumbled 0.8 per cent to $0.6370, and the New Zealand dollar fell 0.63 per cent to $0.5864. The yen rose ... (full story)