GBP/JPY rises during the North American session up by 0.24% after recoverying from hitting daily lows of 209.35 amid risk aversion spurred by the Middle East conflict between the US and Iran. At the time of writing, the cross-pair trades at 210.98, about to overcome the 211.00 hurdle.
The Swiss Franc was the standout safe-haven performer on early Monday trading, rallying sharply against the Euro and most major currencies as the US-Israeli military strikes on Iran triggered a broad flight to safety.
The United States, allied with Israel, struck Iran over the weekend, killing Iran’s Supreme Leader, Ayatollah Ali Khamenei.
The Australian Dollar (AUD) registers losses versus the Greenback on Monday following over-the-weekend developments in the Middle East, which triggered a flight to safety, weighing on the AUD/USD pair. At the time of writing, it trades at 0.7083, down 0.37%.
NZD/USD trades under pressure on Monday as the New Zealand Dollar (NZD) weakens against the US Dollar (USD) amid escalating geopolitical tensions in the Middle East.