AIRLINK 75.39 Increased By ▲ 0.14 (0.19%)
BOP 5.13 Increased By ▲ 0.02 (0.39%)
CNERGY 4.53 Decreased By ▼ -0.07 (-1.52%)
DFML 34.55 Increased By ▲ 2.02 (6.21%)
DGKC 90.25 Decreased By ▼ -0.10 (-0.11%)
FCCL 22.85 Decreased By ▼ -0.13 (-0.57%)
FFBL 33.09 Decreased By ▼ -0.48 (-1.43%)
FFL 9.90 Decreased By ▼ -0.14 (-1.39%)
GGL 11.13 Increased By ▲ 0.08 (0.72%)
HBL 115.26 Increased By ▲ 0.36 (0.31%)
HUBC 136.65 Decreased By ▼ -0.69 (-0.5%)
HUMNL 10.13 Increased By ▲ 0.60 (6.3%)
KEL 4.68 Increased By ▲ 0.02 (0.43%)
KOSM 4.75 Increased By ▲ 0.05 (1.06%)
MLCF 40.30 Decreased By ▼ -0.24 (-0.59%)
OGDC 140.85 Increased By ▲ 1.10 (0.79%)
PAEL 27.68 Increased By ▲ 0.03 (0.11%)
PIAA 25.11 Increased By ▲ 0.71 (2.91%)
PIBTL 6.86 Decreased By ▼ -0.06 (-0.87%)
PPL 124.22 Decreased By ▼ -1.08 (-0.86%)
PRL 27.40 Decreased By ▼ -0.15 (-0.54%)
PTC 14.15 No Change ▼ 0.00 (0%)
SEARL 61.50 Decreased By ▼ -0.35 (-0.57%)
SNGP 72.35 Decreased By ▼ -0.63 (-0.86%)
SSGC 10.52 Decreased By ▼ -0.07 (-0.66%)
TELE 8.75 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.54 Decreased By ▼ -0.19 (-1.62%)
TRG 66.45 Decreased By ▼ -0.15 (-0.23%)
UNITY 25.85 Increased By ▲ 0.70 (2.78%)
WTL 1.41 Decreased By ▼ -0.03 (-2.08%)
BR100 7,865 Increased By 61.9 (0.79%)
BR30 25,791 Decreased By -25 (-0.1%)
KSE100 74,972 Increased By 441.2 (0.59%)
KSE30 24,164 Increased By 209.8 (0.88%)

SINGAPORE: The risk-sensitive Australian and New Zealand dollars meanwhile fell in thinned Asian trade, with Japan closed for a holiday. 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.

The Japanese currency last bought 149.19 per dollar. 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.

“As you’d expect, there’s a lot of uncertainty out there this morning in the markets,” said Tony Sycamore, market analyst at IG Australia.

“Where some of these risk-aversion moves are going to play out in the (currency) space, the dollar will remain bid... (and) the yen should start to see some more support coming in, but potentially, that’s more on the crosses.” Against the dollar, the euro fell 0.2% to $1.0565, while sterling slipped 0.1% to $1.2218.

The dollar index was last 0.11% higher at 106.21, drawing additional support from Friday’s data showing US employment increased by the most in eight months in September, potentially setting up for a higher-than-expected inflation print later this week.

“(The) resoundingly strong employment report will likely keep the (Federal Open Market Committee) on guard as it watches for signs that a tight labor market could prevent inflation from returning to 2% on a sustained basis,” said economists at Wells Fargo.

Comments

Comments are closed.