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Dollar slips against yen on year-end profit-taking
The U.S. dollar hit a 1-1/2-week low against the safe-haven yen on Tuesday after traders booked profits from recent multi-year highs in the greenback and parked their winnings in the Japanese currency. The dollar, which hit fresh nearly nine-year highs against a basket of major currencies early Tuesday, surrendered some of those gains and hit a low against the yen of 118.87 yen as traders closed out profitable dollar bets. The dollar has risen over 12 percent this year against major currencies. The euro also fell against the yen, and was last down 0.91 percent against the Japanese currency at 145.26 yen after hitting ... (full story)
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