itemprop=description content=Experts say there is global demand for greenback amid uncertainty
SINGAPORE – The safe-haven dollar and Japanese yen edged higher on Monday as violence in the Middle East spooked markets, while a blowout US jobs report gave the greenback a further leg up.
The euro similarly fell roughly 0.4pc to 157.45 yen in thinned Asian trade, with Japan closed for a holiday."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. The Australian dollar, seen as a proxy for risk appetite, slid 0.59pc to $0.6347, while the New Zealand dollar edged 0.36pc lower to $0.5968.
" resoundingly strong employment report will likely keep the on guard as it watches for signs that a tight labor market could prevent inflation from returning to 2pc on a sustained basis," said economists at Wells Fargo.
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