TOKYO, Dec 11 (AFP): The dollar was mixed in Asia on Thursday, after taking a hit in New York as dealers shifted to safer investments such as US government bonds.
The greenback climbed to 118.15 yen in Tokyo afternoon trade, up from 117.85 yen in New York but still sharply down from 118.88 yen in Tokyo earlier Wednesday. The US unit had touched a seven-year high of 121.84 Monday.
The euro rose to $1.2451 and 147.11 yen from $1.2446 and 146.68 yen in US trade.
Stock markets across the globe closed lower for a second day on Wednesday as energy companies were hammered by plunging oil prices.
With risk aversion prevailing, the yen, considered a haven in times of turmoil, rebounded against the dollar over recent days, while US Treasuries have also risen, leading to lower yields -- linked to interest rates -- and crimping demand for dollars.
However, the dollar edged up against the yen Thursday, helping Tokyo stocks trim early losses, said Daisuke Karakama, head of forex spot trading at Mizuho Bank.
Tokyo's Nikkei stock index was down more than two per cent soon after opening but clawed some of that back on dip buying to end the morning 0.95 per cent lower.
Dollar mixed after falls on risk aversion
FE Team | Published: December 12, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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