Economic news

Dollar slips as North and South Korea leaders agree to meet

The dollar fell on Tuesday and riskier assets such as the Aussie jumped, as appetite for risk was boosted by a historic agreement between North and South Korea leaders to meet at a summit next month.

Photo: Reuters

The dollar index dipped 0.6 percent on the day after the news.

Versus the yen the greenback had slumped as low as 105.86 yen, near its 16-month trough it scaled late last week.

The euro bounced back above $1.24 to a two-week top of $1.2414, after a brief selloff on Monday due to Italy’s unexpected election result.

The Australian dollar was up more than 1 percent.

The leaders of North and South Korea agreed hold their first summit in more than a decade in April, South Korea's officials said on Tuesday.

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