U.S. dollar rebounds against yen after failed Turkey coup

The U.S. dollar climbed against the safe-haven Japanese yen on Monday amid eased concerns on geopolitical turmoil following a failed military coup attempt in Turkey.

Turkish President Recep Tayyip Erdogan said Saturday morning that the government is in charge and he is in power, after the country is smarting from a coup attempt overnight.

The eased worries led investors to unwind a surge of safe-haven trades and to buy higher-risk currencies like the U.S. dollar.

The greenback rose 1.2 percent on Monday and traded at 106.05 in late trading, nearly a three-week high.

In the previous session, the greenback was well supported by the country' s upbeat data. The U.S. Commerce Department announced Friday that advance estimates of U.S. retail and food services sales for June increased 0.6 percent from the previous month to 457.0 billion U.S. dollars, beating market consensus of a 0.1-percent gain.

In late New York trading, the euro gained to 1.1075 dollars from 1.1058 dollars of the previous session, and the British pound rose to 1.3266 dollars from 1.3197 dollars. The Australian dollar went up to 0.7596 dollars from 0.7593 dollars.

The dollar bought 106.05 Japanese yen, higher than 105.57 yen of the previous session. The dollar slipped to 0.9820 Swiss francs from 0.9838 Swiss francs, and it inched down to 1.2945 Canadian dollars from 1.2953 Canadian dollars. Enditem