Dollar recovers slightly against yen

London

THE US dollar climbed as much as 0.7 per cent against the yen on Tuesday, as investors regained some risk appetite after the first round of the French presidential election delivered the result they had hoped for and that pollsters had forecast.

The Canadian dollar - or "loonie", as it is known by traders - skidded to four-month lows after the United States imposed duties on Canadian softwood lumber .