FOREX-Reports of Israeli attack on Iran spark rush to Swiss franc and yen [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance
and Japanese yen – long seen as safe-haven currencies – on Friday after reports said Israel had attacked Iran in the latest tit-for-tat exchange between the two adversaries, pushing up oil prices and causing caution across global markets. People familiar with the matter told Reuters that Israel attacked Iran, days after Iran launched an unprecedented assault on Israel in response to a suspected Israeli strike on its consulate in Syria, although Iran played the incident down and said it did not plan a new response. Markets initially reacted sharply to the news, which sparked a sell-off in risk assets, caused oil and gold prices to jump, and ignited a rally in U.S. Treasuries and safe-haven currencies. The Swiss franc, valued at times of stress for its stability, jumped more than 1% as the first reports came in to hit 0.9011 per dollar, its highest in two weeks. It then pared its gains, and was up around 0.5% at 0.9079 to the dollar as markets retraced some of their initial reac
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