US Dollar climbs as traders seek safe havens after attack in Israel

The weekend attack on Israel has affected the markets. (Image: Bloomberg)

Mon, 09 Oct 2023

By Rachel Evans and Michael G. WilsonThe dollar climbed against its major peers in early trading today as currency traders got their first chance to react to the weekend's shock attack by Hamas within Israel.The greenback – long regarded as a haven in times of trouble – rose versus the euro and pound as trading began in Sydney, while riskier currencies, including its Australian counterpart, slipped. The yen – another favoured refuge for investors – rallied.Instability in the Middle East has the potential to add...

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