Fresh worries about French polls adds to risk aversion

London

THE safe-haven yen steadied on Wednesday after its biggest one-day rise in three months against the dollar, as worries over geopolitical tensions checked investors' risk appetite.

Investors' flight to safety underpinned traditional safe-havens such as the yen, US Treasuries and gold, amid fresh worries about France's presidential election and possible US military action against Syria and North Korea.

The Japanese currency had gained more than one per cent on Tuesday, with the dollar falling below 110 yen for the first time since mid-November. It capped those…