Dollar rises against yen as risk appetite returns
London
THE dollar rose against the safe-haven yen on Monday as upbeat data and a push-back of interest rate hike expectations restored some risk appetite to financial markets after a bout of jitters over global growth.
Wall Street rallied and US Treasury yields rose on Friday after deep losses after a surprisingly strong US consumer sentiment reading and better-than-expected housing numbers that suggested economic growth in the United States was solid.
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