FOREX-Dollar stalls as oil rebounds on missile test news
* Dollar broadly lower after Iran missile tests
* Oil resumes climb as geopolitical worries grow
* Dollar index down 0.1 pct at 72.906
(Updates prices, adds comments, previous TOKYO)
By Ian Chua
LONDON, July 9 (Reuters) - The dollar stalled on Wednesday as oil prices rebounded after Iran test-fired some missiles, raising the heat in a region already suffering from increased tension over Tehran's nuclear programme.
A pick-up in geopolitical concerns also gave safe-haven currencies like the Swiss franc <CHF=> a bid tone, while the high-yielding Australian dollar <AUD=> sagged, further pressured by a report showing consumer confidence at 16-year lows.
Iran's state media reported Iran had test fired nine long- and medium-range missiles, including one which it has previously said could reach Israel and U.S. bases in the region. [ID:nL09130312]
But analysts said the Iran news was unlikely to have a long-lasting impact on a currency market worried about the global economic slowdown and surging inflation. Continued...



