NEW YORK: The dollar trimmed its earlier gains versus the yen on Monday after US President Donald Trump said the United States will impose new sanctions on Iran in response to Tehran's downing of a US drone last week.

At 12:08 p.m. (1608 GMT), the greenback was up 0.08pc at 107.39 yen.

On Friday, it touched its lowest level since early January against the Japanese currency, which is seen as a safe-haven for investors in times of geopolitical turmoil.

Copyright Reuters, 2019

Comments

Comments are closed.