American dollar recovering from consequences of killing Soleimani

The U.S. dollar is catching up with losses it suffered due to US attack on Iranian military commander Qassem Soleimani.

Dollar returned to its previous value versus the Japanese yen on Monday, yet remains slightly weaker versus the Swiss franc compared to its value before the US attack on Soleimani. Investors stay alert and wait to see how the situation in Middle East will evolve.

John Doyle, Vice President of Tempus American Investment company, points out that Japanese yen was slightly strenghtening versus the dollar even before escalation of US-Iranian relations. “Yet, there’s possibility that the strenghtening occured mostly due to events in Iran and in upoming days value on yen could return to its prevous value,“ Doyle said to Reuters.

Yen surged to a three-month high in the beginning of the week, yet slightly weakened later. Swiss franc has been through similar progress but remains about 0,5% stronger against the U.S. dollar than it was before the U.S. attack. Upcoming days will reveal whether dollar fluctuation was only short term or whether it will influence future.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Golden Brokers Review

Golden Brokers Limited was founded in 2018, it is...

Siemens’ Quarterly Profit Beats Estimates as the Company Benefits from AI-Related Demand

German industrial conglomerate Siemens increased its profit from industrial...

Sell Stop Orders: How They Work, When They Trigger and Where They Fail

A sell stop order allows investors to automatically sell an asset...

German Authority Investigates PayPal Over Possible Restriction of Competition

The online payment system PayPal may be engaging in...

Airbnb Could Earn More From the Same Booking

Airbnb plans to bring car rentals and partner services directly into its platform. With AI customer support reducing overheads, the company aims to earn higher profits from existing customer bookings.

Over-the-Counter Markets: How OTC Trading Works Outside Centralized Exchanges

Over-the-counter (OTC) trading allows investors, financial institutions, and companies...

Maersk’s profits grew, but a return via Suez may squeeze margins [1]

Maersk posted an operating profit of USD 3.3 billion...

Shooting Star Candlestick: How to Read It Without Trading the Shape Alone

A shooting star candlestick can warn that an upward...
spot_img