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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.
Against the euro, the yen rose more than 0.3% to 157.55, while the Aussie fell roughly 0.7% at one point to hit a session-low of 94.84 yen.Risk sentiment was fragile after Israeli forces clashed with gunmen from the Palestinian group Hamas over the weekend, hours after the militants launched a surprise attack on Israel in the deadliest day of violence in the country for 50 years.
"Where some of these risk-aversion moves are going to play out in the space, the dollar will remain bid... the yen should start to see some more support coming in, but potentially, that's more on the crosses."The dollar index was last 0.11% higher at 106.21, drawing additional support from Friday's data showing U.S. employment increased by the most in eight months in September, potentially setting up for a higher-than-expected inflation print later this week.
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