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...

SINGAPORE - 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.

"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. "Another rate hike before the end of the year is a possibility, but for now our base case remains that the last rate hike of the tightening cycle occurred in July."Market pricing shows an 82% chance that the Federal Reserve will keep rates on hold at its November policy meeting.In Asia, China returns from its Golden Week holiday. The country's foreign exchange reserves fell more than expected in September, official data showed on Saturday.

The woman was identified as 25-year-old Noa Argamani. She had been attending a music festival in southern Israel with her boyfriend Avi Natan.

 

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