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Dollar slips vs yen as Canada trade deal’s boost to risk appetites fades

By Daniel Leussink

TOKYO (Reuters) – The dollar retained gains against a basket of currencies on Tuesday while slipping off a more than 10-month peak against the yen as the boost to risk appetites from the U.S.-Canada trade deal to replace the North American Free Trade Agreement faded.

Traders awaited the outcome of a Reserve Bank of Australia monetary policy meeting. The RBA is expected to stretch its record spell of rates at 1.5 percent well into next year, according to a Reuters poll, with a 25 basis-point hike not expected before end-2019.

The dollar index (DXY), which measures the greenback against a basket of six peers, edged higher to 95.322, trading near a three-week high of 95.373 reached the previous session.

Read more at : https://www.investing.com/news/forex-news/dollar-consolidates-gains-yen-weighed-by-appetite-for-risk-after-nafta-deal-1630987

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