The dollar stood firm on Monday as it hovered near a two-month high against the yen in face of the missile strike against Syria. The United States and its allies, France and Britain, launched missiles targeting what the Pentagon said were chemical weapons facilities in Syria on Saturday, in retaliation for a speculated poison gas attack on April 7.
The greenback went up by 0.2 percent to 107.515 yen. A rise above Friday’s high of 107.780 yen will take the dollar to its highest point since Feb. 22. The dollar index went higher and settled at 89.807. The euro was nearly flat at $1.2332 after ending Friday with very little change. The pound ended up trading at $1.4244 after rising to a near three-month high of $1.4296 on Friday. The Australian dollar kept flat at $0.7770 and the New Zealand dollar went down by 0.05 percent to $0.7348.
Asian shares market had a positive start on Monday as investors were relieved to learn that the U.S.-led strikes on Syria was a one-time event that did not escalate to a direct confrontation with Russia. Vladimir Putin warned on Sunday that a series of Western attacks on Syria would bring chaos to world affairs. But with President Donald Trump declaring mission accomplished, investors understood the worst had been avoided.
EMini futures for the S&P 500 ESc1 went 0.6 percent higher in early trade, while Japan's Nikkei .N225 added 0.3 percent to its value. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS climbed up by about 0.1 percent.