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U.S. dollar stays 5-month-lows against yen amid geopolitical risk

Xinhua, April 12, 2017 Adjust font size:

The U.S. dollar rose mildly against most major currencies on Wednesday but stayed at the lowest level in five months against yen amid rising geopolitical risk.

The Japanese yen soared nearly 1.2 percent against the greenback on Tuesday as possible U.S. action in North Korea increased investors' demand for safe-haven assets. The gain was yen's biggest one-day increase in three months.

The yen stayed at the highest level against the greenback since mid-November on Wednesday as the risk sentiment continued to dominate the market.

The dollar index, which measures the greenback against six major peers, was mildly up 0.02 percent at 100.730 in late trading.

In late New York trading, the euro fell to 1.0600 dollars from 1.0608 dollars, and the British pound added to 1.2497 dollars from 1.2491 U.S. dollars in the previous session. The Australian dollar slipped to 0.7479 U.S. dollar from 0.7495 U.S. dollar.

The U.S. dollar bought 109.68 Japanese yen, higher than 109.65 yen of the previous session. The U.S. dollar climbed to 1.0082 Swiss francs from 1.0074 Swiss francs, and it edged down to 1.3312 Canadian dollars from 1.3324 Canadian dollars. Enditem