FOREX-Secure-haven currencies in demand amid US, Iran pressure

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FOREX-Secure-haven currencies in demand amid US, Iran pressure

* Japanese yen rises to 3-month excessive vs greenback* Swiss franc near 4-month excessive vs euro* Oil currencies not impacted but regardle


* Japanese yen rises to 3-month excessive vs greenback

* Swiss franc near 4-month excessive vs euro

* Oil currencies not impacted but regardless of oil worth spike

* Graphic: World FX charges in 2019 http://tmsnrt.rs/2egbfVh

By Olga Cotaga

LONDON, Jan 6 (Reuters) – The yen and different safe-haven
currencies have been in demand on Monday, together with belongings equivalent to
gold, as traders fretted that the killing of Iran’s most
outstanding army commander by the US might set off
a broader Center East battle.

The strikes prolonged a flight to security that started on Friday
after Iranian Main-Common Qassem Soleimani was killed in a
U.S. drone strike on his convoy at Baghdad airport.

U.S. President Donald Trump warned of a “main retaliation”
if Iran hit again, whereas Iran’s substitute commander vowed to
expel the US from the area.

On Sunday, Iran additional distanced itself from the 2015
nuclear settlement with world powers, which the US
withdrew from in 2018, saying it could proceed to cooperate
with the U.N. nuclear watchdog however would respect no limits to
its uranium enrichment work.

The Japanese yen surged on Monday to a three-month excessive of
107.77 versus the U.S. greenback in Asian buying and selling and was final up
0.2% on the day at 108.

Spot gold was 1.4% larger, at an virtually seven-year
excessive, and oil rose on fears that any battle within the area
might disrupt world…



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