Dollar slips to nine-week low on safe-haven yen as Mideast tensions flare
SYDNEY - The Japanese yen led other safe-haven assets higher on Friday after air strikes on Baghdad airport killed a senior Iranian military official, stoking tensions in the Middle East and lifting the price of oil.
U.S. officials told Reuters that strikes had been carried out against two targets linked to Iran in Baghdad. Oil prices jumped $2 a barrel. The holiday meant cash Treasuries were not trading yet, but Treasury bond futures gained 7 ticks on the news implying a drop in U.S. yields. Surveys showed British factory output fell in December at the fastest rate since 2012, while the German manufacturing sector stayed deep in contraction.
Figures out Thursday showed jobless claims edged lower last week in a positive signal for the U.S. labour market.
France Dernières Nouvelles, France Actualités
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