PT Solid Gold Berjangka | Dollar, Yen Gain on Flight to Safety as Hamas Attack Rattles Nerves
The provided text is a summary of financial market movements and events that occurred on a specific Monday, involving various currencies and their fluctuations in response to geopolitical events and economic data.
Key points from the text include:
- Safe-haven Currencies Rise: The US dollar and Japanese yen saw an increase in value due to heightened geopolitical tensions in the Middle East.
- Australian and New Zealand Dollars Decline: The Australian and New Zealand dollars, being risk-sensitive currencies, experienced a decrease in value during Asian trade.
- Euro and Sterling Weakened: The euro and British pound lost value against the dollar during the mentioned period.
- Israeli-Palestinian Conflict Impact: The conflict in the Middle East, particularly involving Israeli forces and Hamas, contributed to market uncertainty.
- US Jobs Report Impact: A robust US jobs report positively affected the US dollar.
- Chinese Foreign Exchange Reserves Decline: China’s foreign exchange reserves decreased more than anticipated during September.
- Federal Reserve Rate Expectations: Market pricing suggested an 82% chance of the Federal Reserve maintaining interest rates at its November policy meeting, with the possibility of a rate hike before the end of the year.
- Asian Markets and Currencies: Japan was closed for a holiday, while China was returning from its Golden Week holiday. The offshore yuan also experienced a slight dip in value against the dollar.
The source of the information is Reuters.