Dollar, yen in retreat as risk sentiment revives, Musk lifts bitcoin By Reuters – Investing.com

SourceInvesting.com
SectorFinancial Markets
CountryMiddle east

© Reuters. FILE PHOTO: South Korean won, Chinese yuan and Japanese yen notes are seen on U.S. 100 dollar notes in this picture illustration taken in Seoul, South Korea, December 15, 2015.

REUTERS/Kim Hong-Ji

By Kevin Buckland

TOKYO (Reuters) – The safe-harbour U.S. dollar and yen remained on the back foot on Thursday, after pulling back from multi-month highs amid a recovery in risk appetite as strong earnings lifted Wall Street stocks.

Cryptocurrencies rallied after Tesla (NASDAQ:) Inc CEO Elon Musk said the company would “most likely” resume accepting bitcoin for payment.

The , which measures the currency against six major peers, stood at 92.810 after pulling back from a 3 1/2-month high of 93.194 touched on Wednesday.

The yen traded at 130.045 per euro, from an almost four-month top of 128.610 earlier this week, and at 81.00 to Australia’s dollar, from a 5 1/2-month peak of 79.85.

“Strong earnings have swept away Delta concerns in the U.S.,” weighing on haven currencies, National Australia Bank (OTC:)...read more...