Dollar little changed against yen


FE Team | Published: October 10, 2017 12:36:33 | Updated: October 24, 2017 12:13:35


File Photo (Reuters)

The dollar was little changed against the yen on Tuesday, with the market wary of potential North Korean provocations, while the euro extended gains.

The greenback was steady at 112.670 yen. It had popped up to a near three-month high of 113.440 on Friday on robust US wages data before pulling back on North Korea concerns, reports Reuters.

The dollar was hit late last week by a report that North Korea was preparing a long-range missile test.

The index was last at 93.557, down 0.1 per cent on the day but still in reach of a 10-week high of 94.267 scaled on Friday when surprisingly stronger US September wages data enhanced already high expectations that the Fed would hike rates for a third time in 2017.

The euro advanced following data showing German industrial output notched its biggest monthly increase in more than six years in August.

The euro was up 0.25 per cent at $1.1768. It had fallen to $1.1669 on Friday, its lowest since Aug. 17.

The lira stood at 3.6990 against the dollar after tumbling to 3.9223 the previous day, its weakest since January.

The New Zealand dollar was up 0.1 per cent at $0.7069.

The pound nudged up 0.1 per cent to $1.3157.

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