[nL3N1HP181] Rising geopolitical tensions in North Korea sent U.S. Treasury yields to five-month lows overnight as increased geopolitical tensions in North Korea hurt risk sentiment and weak economic data boosted demand for the bonds. North Korea launched a ballistic missile on Sunday but it blew up almost immediately. The U.S. dollar retreated to 108.14 yen
as mentioned in Rising geopolitical tensions in North Korea sent U.S. Treasury yields to five-month lows overnight as increased geopolitical tensions in North Korea hurt risk sentiment and weak economic data boosted demand for the bonds. North Korea launched a ballistic missile on Sunday but it blew up almost immediately. The U.S. dollar retreated to 108.14 yen, its lowest since mid-November before recovering some ground to trade down 0.13 at 108.47 yen. The euro and the pound slid to five-month troughs of 114.87 yen and 135.63 yen, respectively, before reversing course to trade slightly higher against the yen. U.S. Vice President Mike Pence put North Korea on notice on Monday, warning that recent U.S. strikes in Syria and Afghanistan showed that the resolve of President Donald Trump should not be tested.
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Dollar slips to 5-month low vs yen on North Korea tensions
Safe-haven gold gained as much as 0.8 percent to hit a five-month high of $1,295.5 per ounce XAU= on continued concerns on tensions over North Korea. "In essence, North Korea made a provocation that would not transcend the U.S". "I think that the "mother of all bombs" was meant to show the power of USA forces to North Korea", said Kaneo Ogino, director at foreign exchange research firm Global-info Co in Tokyo. Shares dipped on Monday while the dollar and USA bond yields fell after soft US economic data hurt investor sentiment already frayed by worries over North Korea and upcoming French elections. The dollar edged up 0.1 percent on the day to 109.17 yenJPY=, but was down 1.7 percent for the week.
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