Economic news

Dollar dips vs. yen as investor sentiment remains fragile

The dollar kept gains versus a basket of major currencies on Tuesday while sliding off a more than 10-month high against its Japanese peer as the boost to risk appetites from the renewed NAFTA deal eased.

Photo: Reuters

The dollar index was steady at 95.322, trading not far from a three-week peak of 95.373 touched in the previous session.

Against the yen, the greenback ticked up 0.06 percent to 113.92 yen.

The euro slipped 0.06 percent to $1.1573 as worries about Italy’s budget deficit persisted.

The Aussie edged up 0.05 percent to $0.7228 shortly ahead of the RBA’s policy decision.

The Canadian dollar traded at C$1.2804, extending its 0.7 percent gains the previous session.

While concerns over global trade conflicts between the United States and other major economies including China have pushed the dollar 3.4 percent up this year, an increasingly confident U.S. Federal Reserve's outlook has also supported the U.S. currency.

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