Dollar, yen gain on flight to safety as Hamas attack rattles nerves

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The safe-haven dollar and Japanese yen edged higher on Monday as violence in the Middle East spooked markets, while a blowout U.S. jobs report gave the greenback a further leg up.

in the Middle East spooked markets, while a blowout U.S. jobs report gave the greenback a further leg up.

Against the euro, the yen rose more than 0.3% to 157.55, while the Aussie fell roughly 0.7% at one point to hit a session-low of 94.84 yen .Risk sentiment was fragile after Israeli forces clashed with gunmen from the Palestinian group Hamas over the weekend, hours after the militants"As you'd expect, there's a lot of uncertainty out there this morning in the markets," said Tony Sycamore, market analyst at IG Australia.

" resoundingly strong employment report will likely keep the on guard as it watches for signs that a tight labor market could prevent inflation from returning to 2% on a sustained basis," said economists at Wells Fargo.

 

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