Dollar Dips To Major Currencies After Attack – 6 January, 2020

The safe haven yen retreated from a three month high against the dollar while the Swiss franc held gains as investors anxiety over Middle Eastern tensions after the U.S. killed Iran’s most prominent military commander in a drone strike. Investors risk tolerance is murky which caused the dollar to fall to both the pound and the euro while next steps are unclear. Against a basket of six major currencies, the dollar index dipped 0.2% to 96.650. The Swiss franc gained 0.5%against the dollar to 0.9689, its highest in over a year. Against the dollar, the yen was steady after hitting a three month high of 107.77 to settle at 108.44 per dollar. The pound rose 0.7% to $1.3174, and the euro was 0.4% higher at $1.1193. The onshore yuan edged higher to settle at 6.9664 per dollar.