U.S. dollar drops amid geopolitical risk

The U.S. dollar fell against most major currencies on Tuesday as investors seek safe-haven currencies amid rising geopolitical risk.

The Japanese yen soared against the greenback as possible U.S. action in North Korea increased investors' demand for safe-haven assets.

The yen rose nearly 1.2 percent against the greenback in late trading on Tuesday. The dollar index, which measures the greenback against six major peers, was down 0.31 percent at 100.710 in late trading.

In late New York trading, the euro rose to 1.0608 dollars from 1.0603 dollars, and the British pound added to 1.2491 dollars from 1.2424 U.S. dollars in the previous session. The Australian dollar slipped to 0.7495 U.S. dollar from 0.7504 U.S. dollar.

The U.S. dollar bought 109.65 Japanese yen, lower than 110.89 yen of the previous session. The U.S. dollar dropped to 1.0074 Swiss francs from 1.0079 Swiss francs, and it edged down to 1.3324 Canadian dollars from 1.3330 Canadian dollars. Enditem